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Chapter 6
Certain persons who are not individuals may be declared fit and proper
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MARA may declare person, etc., who is not individual to be fit and proper person
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90. (1) Subject to subsections (2) and (3), the MARA may, after consultation with the Minister, by order declare that—
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(a) a person (not being an individual) specified in the order is a fit and proper person to be granted and to hold—
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(i) any MAC, or
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(ii) a MAC which falls within a class of MAC specified in the order,
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or
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(b) a person who falls within a class of persons (not being individuals) specified in the order is a fit and proper person to be granted and to hold—
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(i) any MAC, or
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(ii) a MAC which falls within a class of MACs specified in the order.
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(2) The MARA shall, in exercising its power under subsection (1)(a) in relation to a person, have regard to the following:
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(a) the legal nature of the person;
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(b) the statutory functions (if any) of the person;
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(c) the purposes for which the person has made or may make a MAC application.
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(3) The MARA shall, in exercising its power under subsection (1)(b) in relation to a class of persons, have regard to the following:
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(a) the legal nature of the persons who fall within the class;
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(b) the statutory functions (if any) of the persons who fall within the class;
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(c) the purposes for which the persons who fall within the class have made or may make a MAC application.
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