Amendment status not verified — confirm the current text below against the official source.
(1) Before issuing an order of suspension, cancellation or forfeiture of security under section 8, the prescribed authority shall give notice to the warehouseman stating the grounds on which it is proposed to do so and calling upon him to show cause why such action should not be taken. (2) After considering the explanation, if any of the warehouseman, the prescribed authority may pass such orders as it deems just. (3) Notwithstanding anything contained in sub-sections (1) and (2), the prescribed authority may, if it is satisfied that it is necessary in the public interest to take immediate action, without giving the notice referred to in sub-section (1) and considering the explanation of the warehouseman, suspend a licence pending decision as to the action to be taken under sub-sections (1) and (2).