Regulation 13 - Change in constitution of any firm or a company - Customs Brokers Licensing Regulations, 2013

13. Change in constitution of any firm or a company. - (1) In the case of any firm or a company, holding a licence under these regulations, any change in the constitution thereof shall be reported by such firm or company, as the case may be, to the 2 [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] as early as possible, and any such firm or a company indicating such change shall make a fresh application to the said 2 [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] within a period of sixty days from the date of such change for the grant of licence under regulation 7, and the 2 [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] may, if there is nothing adverse against such firm or company, as the case may be, grant a fresh licence: Provided that if the existing firm or company moves an application for such changes, then such firm or company may be allowed to carry on the business of Customs Broker with the approval of the 2 [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] till such time as a decision is taken on the fresh application of such firm or company. (2) Notwithstanding anything contained in sub-regulation (1), in case of any firm or a company where a licence has ceased to be in force because of the death or retirement of any partner or director or an 1 [authorised employee, who] has passed the examination referred to in regulation 6, the firm or the company may apply for replacement of the name of the demised person by the name of another partner, director or authorised employee who has passed the examination referred to in regulation 6: Provided that if there is no such person in the firm or company, then such firm or company, as the case may be, may authorise any other partner, director or authorised employee who is a 'G' card holder, referred to in sub-regulation (7) of regulation 17, to pass the examination referred to in regulation 6 within a period of two years from the date of the demise or retirement of such person, and the firm or company may be permitted to carry on the business of a Customs Broker with the approval of the 2 [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] till such time such partner, director or authorised employee passes the said examination. ---------------------- Notes:- Corrected vide Corrigendum dated 19-7-2013 , b efore it was read as, authorised employee . Substituted vide Not. 56/2014 - Dated 6-8-2014