Singapore legislation
Regulation 16
Regulation 16
Change in partnership
Subregulation 1
When a licence is granted to a partnership and there is a change in the partnership, the new partnership shall, within 7 days of the change, apply for the licence to be transferred to them and the licensing officer may, in his discretion, permit a transfer of the licence.
Subregulation 2
A fee of $40 shall be payable on the transfer of the licence.
Subregulation 3
Subject to paragraph (4), an application under paragraph (1) shall be made using the electronic service provided by the licensing officer.
Subregulation 4
In the event of a malfunction or failure of the electronic service, an application under paragraph (1) shall be made in such form and manner as the licensing officer may determine.