Licence not transferable

(1) No person to whom a licence has been granted under this Act shall transfer or assign it to any other person, or in any way alter, deface or destroy such licence before the date of expiration thereof. (2) Any person who contravenes sub-section (1) commits an offence and is liable on summary conviction to a fine not exceeding one hundred thousand dollars or to imprisonment for a term not exceeding two years, or to both. (3) Where a person transfers or assigns a licence to any other person in contravention of sub-section (1)– (a) the purported transfer or assignment is void; and (b) the licence may be revoked in accordance with section 10(1)(c).