29. No licence to explore for, mine, transport, process, trade in or export any mineral shall be issued to
| (a) an individual who
| | (i) is, under the age of eighteen years ; | | |
| | (ii) is, a public officer or employee of any Provincial Council or a local authority; | | |
| | (iii) is, under any law in force in Sri Lanka, declared to be of unsound mind; or | | |
| | (iv) is a person, having being declared an insolvent or a bankrupt under any law in force in Sri Lanka or in any other country, is an undischarged insolvent or bankrupt ; | | |
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| (b) a company which
| | (i) is not registered to do business in Sri Lanka ; | | |
| | (ii) is declared to be bankrupt or in liquidation; | | |
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| (c) a firm which
| | (i) is not registered to do business in Sri Lanka ; | | |
| | (ii) is declared to be bankrupt or in liquidation ; | | |
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| (d) any applicant who does not possess the financial capacity and technical qualifications necessary in the opinion of the Bureau to conduct the Activities in respect of which the licence has been Apple for; |
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| (e) any applicant who fails to pay the prescribed fee for the issue of the licence. |
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Sri Lanka Consolidated Acts