Suc;pension or cancellation of licence.-(l)Every licence granted under section 4 or renewed under section G m… — (PRESIDEMT's AcT 2 roF 1960)

Suc;pension or cancellation of licence.-(l)Every licence granted under section 4 or renewed under section G may be suspended or cancelled by the prescribed authority.-

8. Suc;pension or cancellation of licence.-(l)Every licence granted under section 4 or renewed under section G may be suspended or cancelled by the prescribed authority.- (i) if in its licensee-- (a) has applied to be adjudicated, or been adjudicated, a·1 insolvent; or (b) has parted, in whole or in part, with his control over the warehouse; or (c) has ceased to conduct such warehouse; or (d) has made unreasonable charges for the services rendered by him; or (e) has in any other manner become incompetent to conduct such warehouse; or (f) has contravened or failed to comply with, any of the terms and conditions of the licence or any of the provisiOns of this Act or the rule!>; or (ii) on any other pre!>cribed ground. (2) If a licence is suspended or cancelled lhe prescnbed authority shall make an entry to that effect in the licence. (3) Whenever a licence is su!>pended or cancelled under this oection, it shall be competent for the prescnbed authority to otdcr also a forfeiture of the :ecurity, if any, furnished by the wart::hou::.eman.

Section 8