Singapore legislation
Clause 7
Clause 7
Application for licence
(1)
Any person who desires to obtain a licence shall make an application to the Board in such form as the Board may require.
(2)
Upon receiving an application under subsection (1) the Board shall consider the application and may grant a licence, with or without conditions, or refuse to grant a licence.
(3)
The Board shall refuse to grant a licence if —
satisfactory evidence has not been produced of the good fame and character of the applicant or, if the applicant is a company, of its officers holding a managerial or an executive position or, if the applicant is a firm, of the members of the firm; or
satisfactory evidence has not been produced to show that the applicant is a fit and proper person to hold a licence; or
the applicant or, if the applicant is a firm, any member of the firm, has been convicted of any offence involving fraud or moral turpitude or, if the applicant is a company, any of its officers holding a managerial or an executive position has been convicted of any offence involving fraud or moral turpitude; or
the Board considers it in the public interest to do so.
(4)
The Board may at any time vary or revoke any of the existing conditions of a licence or impose conditions or additional conditions thereto.
(5)
The Board shall, prior to taking any action under subsection (4), notify its intention to take such action to the licensee concerned and shall give the licensee an opportunity to submit reasons why the conditions of his licence should not be so varied or revoked.
(6)
Where a licence is subject to conditions the licensee shall comply with those conditions.
(7)
Any person who is aggrieved by a decision of the Board under this section may, within one month of being notified of the decision of the Board, appeal against such decision to the Minister whose decision thereon shall be final.