Skip to content
Contents

Part XV

114. Revocation of certificate

(1)

Where the Minister is satisfied that any company to which a certificate has been issued under the provisions of this Order has contravened or has failed to comply with any of the provisions of this Order or any regulations made thereunder, or of any terms or conditions imposed on the certificate, he may, by notice in writing, require the company within 30 days from the date of service of the notice to show cause why the certificate should not be revoked; and if the

Minister is satisfied that, having regard to all the circumstances of the case it is expedient to do so, he may revoke the certificate.

(2)

Where a certificate is revoked under subsection (1), the Minister shall specify the date, which may be the date of the certificate, from which its revocation shall be operative and the provisions of this Order shall cease to have effect in relation to the certiflcate from that date.

Provlalons of Income Tax Act (Chapter 35) not affected.

Report