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(a) at any time; or (b) in accordance with the requirements set out in the individual license. (2) The surrender shall take effect on the date the Commission receives the individual license and the notice under subsection (1), or where a later date is specified in the notice, on that date. (3) The surrender of an individual license 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on a later date and before that date the Commission, by notice in writing to the licensee, allows the surrender to be withdrawn.
(2) The Minister may seek at advice of the Commission before granting an approval under subsection (1).
(a) the licensee has failed to pay any amount required by
this Act or the
(b) the licensee has failed to comply with the provisions
of this Act or |
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mukasurat 39