18.
| (1) A licence shall be capable of being assigned either in whole or in part if it includes a condition authorizing such assignment. |
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| (2) A licence shall not be capable of being assigned except with the consent of the Commission. |
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| (3) in deciding whether to give its consent under subsection (2), the Commission shall the same criteria as it would apply if it were deciding whether to grant a corresponding licence or part of a corresponding licence to the assignee. |
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| (4) A consent under subsection (3) may be given subject to the assignee agreeing to -
| | (a) such modification of the condition of the licence or the imposition of such further conditions as the Commission considers necessary for the purpose of protecting the interest of consumers ; and | | |
| | (b) such incidental or consequential modification of condition as the Commission consider necessary. | | |
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| (5) A licence may include conditions authorising assignment subject to compliance by the assignee of certain specified conditions. |
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| (6) an assignment or purported assignment, of a licence shall be void -
| | (a) if the licence is not capable of assignment ; | | |
| | (b) if the assignment. or purported assignment, is in breach of a condition of the licence ; or | | |
| | (c) if there has been, before the assignment of purported assignment, a contravention of a condition subject to which consent was given under subsection (2). | | |
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Sri Lanka Consolidated Acts