Postal Services Act 2012 · Updated to 1 May 2020 · Part IV · Licensing Provision
20. Surrender of licence
Feedback & supportA licensee may, by written notice, surrender his licence to the
licensee
“licensee” means a company incorporated under the *Companies act 1965 that has been granted a licence under this Act to provide postal services;
Commission in accordance with the requirements set out in the licence.
Commission
“Commission” means the Malaysian Communications and Multimedia Commission established under the Malaysia Communications Multimedia Commission Act 1998;
Notwithstanding subsection (1), a universal service licensee shall, not later than five years from the date of the intended surrender, give written notice to the Commission.
universal service
“universal service” means postal services, which include basic postal services determined by the Commission to be provided to consumers throughout Malaysia, at the prescribed rates;
The surrender shall take effect on the date the Commission receives the licence and the notice under subsection (1), or where a later date is specified in the notice, on that date.
licence
“licence” means a universal service licence or non-universal service licence granted under subsection 13(2);
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The surrender of a licence shall be irrevocable unless it is expressed to take effect on a later date and before that date the
Commission, by notice in writing to the licensee, allows the surrender to be withdrawn.