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srilawsby aturio
As enacted
Contents

Part III · Licensing of Gambling and Certificate of Registration of Premises

16. Application for licence

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

A person who applies for a licence to carry on gambling under the provisions of this Act shall be a company incorporated or registered under the Companies Act, No. 7

of 2007 with a minimum capital as may be specified by the

Minister by Order published in the Gazette.

(2)

Every application for the issue of a licence shall be made to the Director-General in a form as may be prescribed by regulations.

(3)

Every application submitted under subsection (2) shall contain complete and accurate information of all required particulars and be accompanied by the prescribed fee.

(4)

The Director-General shall, having considered the information and particulars contained in an application submitted under subsection (2) and upon satisfying that the applicant has fulfilled the requirements as may be prescribed to be issued a licence, issue such licence to the applicant.

(5)

(a)

The Director-General shall prior to issuing a licence, take into consideration the information and particulars of directors, senior managers, shareholders, key management personnel and the beneficial owners of the company submitted under subsection (2) to assess the fitness and propriety of the company in a manner as may be prescribed.

(b)

Upon consideration of the information and particulars under paragraph (a), if the Director-General is of the view that any director, senior manager, shareholder, key management personnel or the beneficial owners of the company is unfit to hold such position in such company he shall-

(i)

reject such applications with reasons assigned therefor; or

(ii)

issue the licence subject to the condition that any person whom the Director-General assesses as unfit to hold such position under this section shall not hold such position in the company as long as the licence is valid.

(6)

An application found to contain false, misleading, or incorrect information or particulars shall be rejected.

Read on from s 17

Part IV

Fund of the Authority

Read on from Part IV

Part V

Chief Executive Officer and Staff of the Authority

Read on from Part V

Part VI

Offences

Read on from Part VI

Part VII

General Provisions

Read on from Part VII