20.
| (1) If any firm or person registered under this Act has ceased to carry on business under a business name, it shall be the duty of the persons who were partners in the firm at the time it ceased to carry on business or of the individual or if he is dead his personal representative or in the case of a corporation every director or the secretary thereof, within three months of such, cessation, to send by post or deliver to the Registrar a statement in the prescribed form that the firm or person has ceased to carry on business under that business name. |
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| (2) If any person whose duty it is to give the statement required by subsection (1) fails to do so within such time as aforesaid he shall be guilty of an offence and shall be liable on conviction after summary trial before a Magistrate to a fine not exceeding one thousand rupees. |
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| (3) On receipt of the statement referred to in subsection (1), the Registrar shall file such statement and shall make an endorsement in the register removing the registration of such firm or person. |
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| (4) Where the Registrar has reasonable cause to believe that any firm or person registered under this Act is not carrying on business, he shall cause-
| | (a) a notice to be published in the Gazette stating that unless objection is received by him within one month of such publication, the name of that firm or person will be removed from the register ; and | | |
| | (b) a copy of the aforesaid notice to be forthwith sent by registered post to the firm or person specified in the notice and to each of the partners at their residential address. | | |
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| (5) If within the period of one month of the said notice the Registrar receives no objection to the aforesaid notice he may remove the name of such firm or person from the register. |
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Sri Lanka Consolidated Acts