be made within the three months preceding the last
three months before the date of expiry of the
existing licence.
(4) The Authority may, when considering an
application for the renewal of a licence,
recommend to the Minister to request such new or
additional information to be provided as it may
deem necessary to make a finding.
(5) If at the date of expiry of a licence, the Minister
has not yet reached a decision in respect of an
application to renew it, the licence shall continue to
be of effect until the application for its renewal is
granted or refused by the Minister.
Transfer and
surrender of
licence
234. (1) A licensee shall not, except with the
written consent of the Minister, on the advice the
Authority, assign or transfer his or her licence.
(2) A licensee may surrender his or her licence to
the Authority at any time before its expiry.
(3) A licensee who wishes to surrender his or her
licence shall give written notice of his or her
intention to the Authority.
(4) A person shall not assign, sell, transfer, or
otherwise dispose of, any interest or share in a
licensed company unless he or she has given one
month’s prior notice to the Authority of his or her
intention to do so.
Revocation of
licence
235. (1) Subject to subsections (4) and (6), the
Minister may revoke a licence where he or she is
satisfied that
(a) the licensee has failed to operate within six
months of the issue of the licence or within
such additional period as may be allowed
by the Minister;
(b)
the licensee has ceased his or her
operation under the licence;
(c) the licensee has given to the Authority
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