Singapore legislation
Clause 13
Clause 13
Cessation of business
(1)
Where any person registered under this Act has ceased to carry on business, he shall, within one month of the cessation, send by post or deliver to the Registrar a notice in the prescribed form notifying the Registrar that he has ceased to carry on business.
(2)
Any person who fails to comply with the provisions of subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding one thousand dollars.
(3)
On receipt of the notice referred to in subsection (1), the Registrar may cancel the certificate of registration issued to the said person and remove from the register the name under which he carries on business.
(4)
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 letter to the effect that if an answer showing cause to the contrary is not received within one month from the date thereof, the certificate of registration issued to that person may be cancelled and the name under which he carries on business removed from the register.
(5)
If the Registrar either receives an answer from the person referred to in subsection (4) to the effect that he is not carrying on business, or does not within one month after sending the notice receive an answer showing cause to the contrary, he may cancel the certificate of registration issued to that person and remove from the register the name under which he carries on business.
(6)
The Registrar shall, by notification in the Gazette, publish such particulars as he thinks fit in respect of any person the certificate of registration of which has been cancelled under the provisions of this section.