Amendment status not verified — confirm the current text below against the official source.
Suspension or Cancellation of unified single trading licence granted/ renewed under Section 76. (1 )The Managing Director or the Officer authorized by him may, after such inquiry as he deems fit to make and aflergiving. in the prescribed manner, the licensee a reasonable opportunity of being heard, suspend or cancel licence issued under Section 76 on any of' the following ground(s): (a) that. the licence has been obtained through wilful misrepresentation or fraud: 48 The Nagaland Gazette, Part-V 15, May, 2020 (b) that. the licensee himself or in collusion with other licensee(s) commits any act or obtains from carl),ing on his normal business in the market with intention to wilfully obstruct. suspend or stop the marketing of notified agricultural produce in any type of market and in consequence whereof, the marketing of notified agricultural produce has been obstructed, suspended or stopped; (c) that, the licensee is found to have contravened any of the provisions of this.Act or the Rules or Bye-laws: (d) that. the licensee has been convicted of an offence punishable under this Act or Rules or regulations; (e) that, the licensee has become insolvent; or(f) that, the licensee incurs any disqualification on grounds prescribed. (2) Having been licence-suspended/cancelled under this section, the bolder of such licence shall forthwith produce the same in the office of the Managing Director or the Officer authorized for being endorsed in the prescribed manner and shall not be entitled to any claim on account of such suspension/cancellation any compensation or refund of the whole or any.part of the licence fee or any of the other money.