S.L. 441.7 · Trading Licences Regulations (S.L. 441.7)
S.L. 441.7 Art. 18Cancellation in circumstances other than those contained in regulation 16.
PART III
(1) A licence may be also cancelled by the Trade Licensing Unit in the following circumstances:
(a) in the case of a licence issued in respect of a natural person, when it becomes aware of proof of the demise of said person; or
(b) in the case of a licence issued in respect of a natural person, when it becomes aware of proof that the commercial activity has ceased operations; or
(c) in the case where the license was issued in respect of a legal person when it becomes aware of proof of dissolution of said legal person; or
(d) in the case where the licensee has failed for four (4) consecutive calendar years to settle the licence fee; or
(e) in cases where it transpires that the formalities required for the issuing of a licence were not complied with as a result of false or incorrect documentation or information being submitted at the application or notification stage: Provided that no refund of fees will be effected for the period during which the activity was deemed to have been licensed.
(2) The effective date of cancellation shall be:
(a) in the case of the decease of a licensed natural person, from the day following the date of demise;
(b) in the case of a commercial activity by a licensed natural person that has ceased operations, from the day following the date of the cessation of operations;
(c) in the case of dissolution of the legal person, from the day following the date of dissolution of the said legal person; and
(d) in the case where the licensee has failed for four (4) consecutive calendar years to renew his licence, from the 1st of January of the following year where the reasons are not those stipulated in paragraphs (a), (b) and (c).
(3) In all cases, except in the case of the death of the licensee, before taking a decision, the Trade Licensing Unit shall first write to the licensee who shall be given thirty (30) working days to reply: Provided that if after thirty (30) working days no reply is received, the Trade Licensing Unit may proceed with its decision: Provided further the Trade Licensing Unit need not write to the licensee if the licensee initiates the process for cancellation.