ACT 125

COMPANIES ACT 1965 (REVISED - 1973)

PART V - MANAGEMENT AND ADMINISTRATION

DIVISION 2 - DIRECTORS AND OFFICERS

Section 139B. Licence to act as company secretary.

(1) For the purpose of paragraph 139A(b), an application for a licence shall be made to the Registrar in the prescribed form and manner. (2) The Registrar may require an applicant to supply him with such further information as he considers necessary in relation to the application. (3) The Registrar shall only grant or renew the licence if— (a) after consideration of the character, qualification and experience of the applicant; and (b) after consideration of the interest of the public, he is of the opinion that the applicant is a fit and proper person to hold a licence. (4) Every licence granted under this section, including a renewal of the licence, shall be in force for a period of three years after the date of the issue thereof, unless sooner revoked by the Registrar. (5) An application for renewal of a licence shall be made not later than thirty days before the expiry of the licence. (6) Notwithstanding subsection (5), where an application for the renewal of a licence is made less than thirty days but before the expiry date of the licence, the Registrar may for any special reasons he deems fit accept such application for consideration.