6.—(1) A class licence shall remain valid unless it is cancelled in accordance with the provisions of the Act or these Regulations.
(2) The Authority may cancel a class licence where the holder of such licence —
(a)
gives notice to the Authority in such form and manner as the Authority may determine that he has ceased to be an operator; or
(b)
has ceased to carry on any business or trade as an operator and the registration of the business under the Business Registration Act (Cap. 32) is cancelled; or
(c)
being a company incorporated under the Companies Act (Cap. 50) or a limited liability partnership registered under the Limited Liability Partnerships Act 2005 (Act 5 of 2005), has gone into liquidation other than for the purpose of amalgamation or reconstruction.
(3) A cancellation of a class licence of a person shall not operate so as to —
(a)
prejudice any liability incurred by such person under these Regulations and any such liability may be enforced against him as if the cancellation had not taken place; or
(b)
prevent such person from subsequently being deemed a holder of such licence under these Regulations.