Cap. 565 Art. 32Effects of cancellation of registration. Cap. 12. Cap. 9.

(1) In the event of cancellation of registration of a family business, the family members shall forthwith surrender, to the

Regulator, the certificate of registration of such business and any person failing to surrender such certificate within the time stated as notified by the Regulator, shall be liable to an administrative fine of two hundred and fifty euro (€250).

(2) In the event of cancellation of registration of a family business, all benefits granted to such business by virtue of registration, shall cease to have effect from the date when the decision to cancel takes effect.

(3) Cancellation for the reasons mentioned in article 31(2) shall require the business to refund any benefits received by the business or any other individual by virtue of its registration in terms of this Act unless provided otherwise in this Act, and the Regulator may issue the relative orders against the business and any persons involved in such business: Provided that when the demand for the refund of any benefits is made by the Regulator by judicial letter issued in accordance with article 466 of the Code of Organization and Civil

Procedure, this shall constitute an executive title against the business or any named family member of administrator in favour of the Regulator, in his own or as trustee for the person entitled to the refund as aforesaid.

(4) An order of the Regulator against a family business or any named family member shall be enforceable as an executive title once any judgment has become res judicata or no proceedings have been filed within the relevant time limits.

Part IV Offences behalf of a registered family business shall be guilty of an offence and shall be liable to the same punishment as provided for in article 183 of the Criminal Code;

(b) who falsely misrepresents the registered family business or makes false representations shall be guilty of an offence under this Act;

(c) who, in any manner, makes an abusive use of a certificate of registration or the Family Business Label shall be guilty of an offence under this Act;

(d) who without reasonable excuse prepares any incorrect statement or gives any incorrect information in relation to any matter falling under this Act, shall be guilty of an offence under this Act.

(2) Any persons or business who is found guilty of any offence under sub-article (1) shall be liable on conviction to a term of imprisonment from thirteen months to four years.

(3) Upon any person or business admitting to or being found guilty of any of the above offences, the Regulator shall on conviction revoke any Certificate of Registration issued to the family business.

(4) The Regulator shall issue public statements on the facts to warn the public about any abuse by any person or business.