Section 15

Where any person registered under this Act has ceased to carry on business, he shall, within 14 days of the cessation, lodge with the Registrar a notice in such form as the Registrar may determine notifying the Registrar that he has ceased to carry on business.

The Registrar may, if he thinks fit, allow a person registered under this Act to lodge with the Registrar a notice, in such form as the Registrar may determine, notifying the Registrar in advance that he shall cease to carry on business on the date specified in the notice or upon the expiry of his registration.

Any person who fails to comply with subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000.

On receipt of the notice under subsection (1) or on the date specified or indicated in the notice under subsection (2), as the case may be, the Registrar may cancel the registration of the person and remove from the register the name under which he carries on business.

Where the Registrar has reasonable cause to believe that any person registered under this Act is not carrying on business, he may send by registered post to that person a notice to the effect that if an answer showing cause to the contrary is not received within one month from the date thereof, the registration of that person may be cancelled and the name under which he carries on business removed from the register.

If the Registrar —

The Registrar shall, by notification in the Gazette, publish such particulars as he thinks fit in respect of any person whose registration has been cancelled under this section.

Where the registration of a person is cancelled under this section, any certificate or notice pertaining to the registration of that person under this Act shall be deemed to be cancelled. [13