Covers cancellation, remaining goods, non-use, company dissolution and succession on death.
What should you do now?Prepare closing inventory and determine goods, guarantee and liability treatment when licensing ends.
What does this Article provide?
Covers cancellation, remaining goods, non-use, company dissolution and succession on death.
This is a verified plain-language summary. The binding full text remains in the official Regulations file linked below.
What does the Article mean in plain language?
Licence cancellation or expiry requires resolving remaining goods and liabilities. Specific provisions address inactivity, company dissolution and succession on death. Death or a business sale is not an automatic licence transfer to every successor. Identify the legal case, decision and remaining inventory.
Relevant to producers or warehouse operators keeping goods under suspension.
Prepare closing inventory and determine goods, guarantee and liability treatment when licensing ends.
How can this rule appear in practice?
When a warehouse closes with stock remaining, determine the goods' treatment before considering them ordinary freely tradable stock.
The example is explanatory; it is not an NBR case or a binding result for a specific fact pattern.Closing premises while ignoring suspended goods or assuming automatic transfer to a purchaser.
Related Articles
Registration and warehouses guide
Open the topic guide that combines Law, Regulations, procedure and examples in one flow.
Open practical guideBefore relying on the result
Is this commentary enough for a final decision?
No. Use it to understand and route the issue, then match the facts against official legislation, amendments and current guidance, obtaining specialist advice for material amounts, deadlines or penalties.
Why are several sources listed?
The Law states the rule, the Regulations detail procedure and the guide explains portal operation. None replaces the others.
What is the first fact I need?
Prepare closing inventory and determine goods, guarantee and liability treatment when licensing ends.
Official sources and guidance
Official source of the Regulations, read with the 2022 amendment and later decisions.
Used for operational context, terminology and examples; it does not replace legislation.
Operational reference for registration and warehouse-licensing applications on the NBR portal.