Singapore legislation
Clause 16
Clause 16
Restriction on transfer of licence
(1)
A licence, and any rights, benefits or privileges under the licence, are not transferable or assignable to any other person unless —
the licence contains a condition authorising the transfer or assignment; and
the Director consents in writing to the transfer or assignment.
(2)
Any consent under subsection (1) may be given subject to compliance with any conditions that the Director thinks fit to impose, which may include conditions modifying, or requiring or otherwise providing for the making of modifications to, the conditions of the licence, but section 14(2), (3) and (4) does not apply to or in relation to these modifications to the conditions of the licence.
(3)
A transfer or an assignment, or a purported transfer or assignment, of a licence, or of any rights, benefits or privileges under the licence, is void and of no effect —
if the licence is not capable of transfer or assignment;
if the transfer or assignment, or purported transfer or assignment, is in breach of a condition of the licence; or
if there has, before the transfer or assignment or purported transfer or assignment, been a contravention of a condition subject to compliance with which the consent required by subsection (1) is given.