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16. Surrender of licence

(1)

A licensee may surrender his licence by forwarding it to the Authority with a written notice of its surrender.

(2)

The surrender of a licence under subsection

(1)

shall take effect on the date the Authority receives the licence.

(3)

The Authority shall, as soon as practicable, publish in the Gazette a notice of every surrender of a licence under this section, but any delay in publishing such a notice or any failure to publish such a notice shall not in any way affect the validity of such surrender.

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