Amendment status not verified — confirm the current text below against the official source.
Power of collector to take grants under management or to resell :- If any holder of a license granted under this Act, or any person to whom a lease has been granted under Section 27, makes default in complying with any condition imposed upon him by such license or lease, the collector may take the grant under the management at the risk of the person who has so defaulted or may resell it and recover in the manner laid down in Section 60 of this Act any deficiency in price and all expenses of such resale. NOTES By virtue of Section 39 the Collector has powers to take under his own management the business under the license or the lease granted under this Act or may resell it to some other person for the remaining period. The Collector can further proceed under Section 60 to recover the deficiency caused in the license fee or lease money due to resale and expenses incurred thereon by the department against the licensee/lessee. Where by way of notification powers of the Financial Commissioner have been delegated to an Excise and Taxation Commissioner the Excise and Taxation Commissioner can validly cancel the license under this Act.