35. Informing certain events to the Director-General

All licencees shall forthwith inform in writing the

Director-General of the following events: –

being unable to meet its obligations or is about to become insolvent;

any action being filed in court for liquidation of the licencee, in case of a company;

any action filed for bankruptcy by a licencee in a court of law;

dissolution or winding up in the case of a society;

dissolution in the case of a partnership.