41. Effect of suspension, cancellation, surrender or expiry of an individual licence.
(1) Where the suspension or cancellation of an individual licence under section 37, or the surrender of
an individual licence under section 35, has taken effect, or where the individual licence has expired,
the licensee shall immediately cease to provide any facility or service in respect of which the
individual licence was granted.
(2) Notwithstanding subsection (1), the Minister may, on the recommendation of the Commission,
authorize the licensee in writing to carry on providing any facility or service for such duration as the
Minister may specify in the authorization for the purpose of winding up the licensee’s affairs.
(3) Notwithstanding subsection (1), the licensee whose individual licence has expired shall be entitled
to carry on providing a facility or service as if his individual licence had not expired upon proof being
submitted to the Commission that the licensee has applied for the renewal of the individual licence in
accordance with section 34 and that such application is pending determination by the Minister.
(4) Subject to subsections (2) and (3), a person who contravenes subsection (1) commits an offence
and shall, on conviction, be liable to a fine not exceeding five hundred thousand ringgit or to
imprisonment for a term not exceeding five years or to both.
42. Register of individual licences.
(1) The Minister shall provide a copy to the Commission of—
(a) any individual licence granted under this Part;
(b) any special or additional conditions specified in the individual licence;
(c) any written notice varying, revoking or imposing any special or additional conditions
specified in the individual licence;
(d) any written notice by the licensee surrendering his individual licence;
(e) any written notice by the Minister suspending or cancelling the individual licence; and
(f) any written notice approving the transfer of an individual licence or a change in beneficial
ownership of the individual licence.
(2) The Commission shall maintain a register, which shall be made available to the public, of all
individual licences which have been granted under this Part.
(3) The Commission shall maintain a separate register, which shall be made available to the public, of
all the matters listed in paragraphs (1)(b) to (f).
(4) The Commission shall maintain the registers in accordance with Chapter 6 of Part V.
43. Rights and obligations attached to an individual licence.
(1) The grant of certain individual licences may be conditional on the registration of undertakings by a
prospective licensee.
(2) In granting individual licences, the Minister may declare specified benefits only for licensees who
have current registered undertakings under this section.