Amendment status not verified — confirm the current text below against the official source.
(1) The Warehouse Authority may cancel any license granted under section 5 or renewed under section 6,— (a) if the licensee has applied to be adjudicated or has been adjudicated, an insolvent; or (b) if the licensee has substantially parted with his ownership of, or control over, the warehouse or has ceased to conduct the same; or if the charges in respect of any goods stored with the licensee or of any services in connection with such goods are, in the opinion of the Warehouse Authority, excessive or unreasonable; cr (d) if the licensee has contravened or failed to comply with any of the provisions of this Act or the rules - made thereunder or of any terms and. conditions prescribed for the license. (2) Before passing an order under sub-section (1), the Warehouse Authority shall intimate to the licensee -the grounds on which it is proposed to cancel the license and give him a reasonable opportunity of showing cause. (3) In cases coming under clauses (c) and (d) of sub- section (1), the Warehouse Authority, instead of proceeding Witter sub-section (1) or sub-section (2), may issue a warning to the licensee. (4) Where a license is cancelled by the Warehouse Authority it shall make an entry to that effect in the records of its office. It shall further publish a notice of such cancellation in the prescribed manner and the warehouseman shall be bound prominently to display a copy of such notice in front of the warehouse.