Power to cancel or suspend licence

General201853 sections11 chapters

Chapter IV CONDUCT OF BUSINESS

Statutory text

(1) Subject to the provisions of sub-section (2), the Committee may, for reasons to be recorded in writing, suspend or cancel a licence,—
- (a) if the licence has been obtained through wilful misrepresentation or fraud;
- (b) if the licensee or any servant or any person acting on his behalf with his express or implied permission, commits a breach of any of the terms and conditions of the licence ;
- (c) if the licensee has become an insolvent ; or
- (d) if the licensee is convicted of any offence under this Act or any other offence involving moral turpitude.
(2) No licence shall be suspended or cancelled under this section unless a reasonable opportunity to show cause against such suspension or cancellation has been given to such licencee.

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