Hong Kong Regulations

RESERVED COMMODITIES (CONTROL OF IMPORTS, EXPORTS AND RESERVE STOCKS) REGULATIONS - REGULATION 16

Cancellation of registration of stockholder

(1) The Director may cancel the registration of a stockholder-

   (a)  at the request of the stockholder;

   (b)  on the death, dissolution of partnership or bankruptcy of the
        stockholder or, in the case of a company, on the winding up of the
        stockholder;

   (c)  if any condition of his registration in respect of the reserved 
        commodity is contravened;

   (d)  if the registered stockholder or any person employed by him commits an
        offence under the Ordinance;

   (e)  by giving the stockholder 3 months notice in writing.

(2) Where the Director cancels the registration of a stockholder under
paragraph (1), he shall notify the stockholder and shall state under which
subparagraph of paragraph (1) the registration is cancelled.

(3) Where the Director has notified a stockholder of the cancellation of his
registration under paragraph (2), the stockholder shall forthwith surrender
his certificate of registration to the Director.

(4) Where the Director serves a notice on a stockholder of the cancellation
under paragraph (1)(e) of his registration, the stockholder shall surrender
his certificate of registration to the Director within the period specified in
the notice.