Revocation of licence and grant of a further licence

(1) The licensing authority may either suo-moto or on an application, filed by the promoter, revoke the license or amend it or extend it. The application for the amendment of the license or for the extension of the period for the operation of ropeways, shall be considered in the same manner and subject to the same conditions as an application for the grant of license. (2) The Licensing Authority may also extend the time for the completion of the project of construction and operation of ropeways. If it rejects the application for extension of time for implementing the project, it shall record the reasons for the same.