Where:
(a) after an application has been made:(i) under section 41 for the grant of a licence in respect of a block in respect of which a permit is in force, or(ii) under section 41A for the grant of a licence in respect of a block in respect of which a lease is in force, and
(b) before a decision has been made by the Minister under section 44 (1) in relation to the application,a transfer of the permit or lease (as the case may be) is registered under section 78, then, after the time of the transfer, sections 42 to 45 (inclusive) have effect in relation to the application as if any reference in those sections to the applicant were a reference to the transferee.