s 24I Suspension or revocation of licence on breach of condition of licence
(1) Where the Director General is satisfied that the licensed company is contravening, or has contravened and is likely again to contravene, any of the conditions of its licence, the Director General may give notice in writing to the licensed company requiring it to comply with that condition within the period prescribed in the notice. (2) If on the expiry of the period prescribed in such notice the licensed company fails to comply with the condition mentioned in it, the Director General shall submit to the Minister a report of such failure by the licensed company and the report shall be in such form as the Director General considers appropriate. (3) Where, after considering the report from the Director General, the Minister is satisfied that the contraventions were, or the apprehended contraventions are, of a serious nature or affected or likely to affect the public interest or safety and that the licensed company has refused to take or has not taken all such steps as appear necessary to the Minister for the purpose of securing compliance with the condition in question, the Minister may give to the licensed company notice stating that he proposes to suspend or revoke, as the case may be, its licence and such notice shall also set out or specify— (a) the condition of the licence which the company has contravened and the acts or omissions which constitute such contravention; and (b) the period (not being less than thirty days from the date of the notice) within which the licensed company may make representations with respect to the proposed suspension or revocation, as the case may be. (4) After the expiry of the period specified in the notice and considering any representations made by the licensed company, the Minister shall decide whether to proceed with the proposed action or to take no further action. (5) A notice shall be given by the Minister to the licensed company of his decision and the decision shall take effect from the date on which the said notice is served on the company. (6) The decision of the Minister under this section shall be final and conclusive.