Prohibition on unauthorised business and settlement of outstanding dues

(1) No person or other entity shall conduct any business within a CFZ unless such person or entity has obtained the prior requisite authorization to do so in accordance with the Act and these Regulations. (2) Where a CFZ developer or CFZ business fails to settle any outstanding debts or dues owing to the CFZMA, the CFZMA shall give fortyfive (45) days’ written notice to such CFZ developer or CFZ business to settle its outstanding debts or dues. (3) Where a CFZ developer or CFZ business fails to make any settlement of its dues or debts after notice has been given under paragraph (2) above, the CFZMA may withhold its services to such CFZ developer or CFZ business until such settlement has been duly made. (4) A notice under paragraph (2) above shall state that the CFZMA will withhold its services towards the defaulting CFZ business or CFZ developer for failure to settle any outstanding debts or dues by the given date in such notice.