section 8
Suspension and cancellation of licence
The Warehousing Corporation Act, 1957Corporate195734 sections6 chapters
Chapter II LICENSING OF WAREHOUSES
Statutory text
- (1) Every licence granted under section 4 or renewed under section 6 shall be liable to be suspended, cancelled or revoked either temporarily or permanently by the prescribed authority for valid reasons stated in writing and in particular if the warehouseman-
- (a) has applied for being declared or been adjudicated as insolvent, or
- (b) has parted, in whole or in part, with his control over the warehouse, or
- (c) has ceased to conduct the business of such a warehouse, or
- (d) had made unreasonable charges for the services rendered by him, or
- (e) has in any other manner become incompetent to conduct the business of such warehouse, or
- (f) has contravened, or failed to comply with, any of the conditions of the licence or any of the provisions of this Act or the rules made thereunder.
- (2) If a licence is suspended, revoked or cancelled the prescribed authority shall make an entry to that effect in the licence.
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