$ Transfer of licences (1) No licence granted under this Act shall be transferred, assigned or encumbered in any way without the prior approval of the Authority. (2) An application for the transfer, assignment or encumbrance of a licence shall be made to the Authority in such form as the Authority may prescribe, and upon payment of such fee as may be prescribed. (3) Any person who contravenes the provisions of subsection ( 1 ) shall be guilty of an offence and shall be liable to a fine of not less than P10 000.00 but not more than P2 000 000.00 Change of ownership of licence (1) A licensee who is a body corporate shall, where a change in the ownership thereof occurs, notify that change in waiting to the Authority. (2) The Authority may, where in its opinion the change in ownership of a licence which is held by a body corporate would be detrimental to the development of the telecommunication sector or would not facilitate the exercise of the Authority’s functions under this Act, revoke the licence thereof. Limitation of number of licences (1 ) The Authority may limit the number of licences which it will grant in respect of any particular type of telecommunication service and shall, where it does so, publish its reasons for so doing. (2) The Authority shall, not less than three months before doing so, or not less than three months before the expiry of any licence granted in terms of this Act, publish, in the Gazette, its decision to limit the number of licences which it will grant in respect of any particular type of telecommunication service. Exclusive licences The Authority shall not, without the prior written approval of the Minister, grant any exclusive licence under this Act. Register of licences The Authority shall maintain a register of all licences granted under this Act, which register shall be open for inspection by the public. PART VII—5DGLR&RPPXQLFDWLRQV Radio licence (1) No person shall— D