Amendment status not verified — confirm the current text below against the official source.
Suspension and cancellation of licence.—(1) Every licence granted under section 4 or renewed under section 6 shall be liable to be suspended or cancelled either temporarily or permanently by the prescribed authority, for reasons to be recorded in writing if in its opinion the licensee,- 6 (a) has applied to be adjudicated or been adjudicated an insolvent; or (b) has parted in whole or in part with his control over the warehouse; or (c) has ceased to conduct such warehouse; or (d) has made unreasonable charges for the services rendered by him; or (e) has in any other manner become incompetent to conduct such warehouse; or (f) has contravened or failed to comply with any of the terms of the licence or any of the provisions of this Act or of the rules. (2) If a licence is suspended or cancelled the prescribed authority shall make an entry to that effect in the licence.