Malaysia legislation
Section 46
Section 46
(1)
Where an application –
(a)
for the renewal of a prospecting licence;
(b)
for the renewal of an exploration licence; or
(c)
for the extension of a prospecting licence under section 45, has been approved, such approval shall have effect –
(i)
in the case of a prospecting licence or exploration licence, upon payment of the prescribed fee;
(ii)
in the case of the extension of a prospecting licence, upon payment of the prescribed fee and the first year's holding fee.
(2)
If the applicant fails to pay the prescribed fee, and the first year's holding fee, as the case may be, for the renewal or extension mentioned in subsection (1) within sixty days after being notified of its approval, such approval shall be deemed revoked.
Transfer of prospecting licence or exploration licence.