Singapore legislation
Clause 13
Clause 13
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 Director‑General consents in writing to the transfer or assignment.
(2)
An application for the Director‑General’s consent under subsection (1) must be made jointly in writing by —
the licensee; and
the intended transferee,no later than a prescribed time, being a time before the licence expires.
(3)
After considering the matters mentioned in section 8(2) and any other matters that may be prescribed, the Director‑General may —
subject to subsection (4), give consent under subsection (1) for the transfer or assignment; or
refuse (without compensation) to give consent for the transfer or assignment.
(4)
Any consent under subsection (1) may be given subject to compliance with any conditions that the Director‑General thinks fit to impose, which may include conditions modifying, or requiring or otherwise providing for modifications to, the conditions of the licence, but section 11(2), (3) and (4) does not apply to, or in relation to, these modifications to the conditions of the licence.
(5)
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, contravenes 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 imposed under subsection (4).
(6)
In this section, “intended transferee”, for a licence, means the person to whom the licence, or any rights, benefits or privileges under the licence, is intended to be transferred or assigned.