Section 30

A holder of a certificate of registration of carbon rights may file an application for the transfer of the certificate of registration of carbon rights to another person in the form as may be determined by the Director together with payment of the prescribed fee.

Upon receipt of the application to transfer the certificate of registration of carbon rights from the holder of the certificate of registration of carbon rights with payment of the prescribed fee under subsection (1), the Director shall register the transfer of the certificate of registration of carbon rights subject to such terms and conditions as he may impose.

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Any transfer of a certificate of registration of carbon rights shall be made under this section and no person shall use a certificate of registration of carbon rights of another person.

Any person who contravenes subsection (3) commits an offence and shall, upon conviction, be liable to a fine of not exceeding fifty thousand ringgit or to imprisonment for a term not exceeding one year or to both, and in the case of a continuing offence, to a further fine not exceeding one thousand ringgit for every day or part of a day during which the offence continues after conviction.