20.
| (1) A licensed stock exchange may apply to the Council for a renewal of its licence within six months prior to the expiry of the licence. |
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| (2) A licensed stock. broker or a licensed stock dealer as the case may be, may, within three months prior to the expiry of the licence, make an application to the council in the prescribed form together with a prescribed fee for a renewal of his licence. |
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| (3) In granting a renewal of a licence, the Council shall satisfy itself that the licensed stock exchange, the licensed stock broker or the licensed stock dealer as the case may be, has at no time been guilty of contravening any provisions of this Act or any rules or regulations made under this Act. |
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Sri Lanka Consolidated Acts