Cap. 439 ст. 37Grant and revocation of licences.

(1) A licence may be granted to competent persons subject to such restrictions and conditions as the Minister may deem fit to impose, and may be varied, supplemented or cancelled by the

Minister.

(2) A licence shall be revoked if the information submitted in the application is incorrect, inaccurate or misleading such that a different decision would have been taken if the correct information had been available at the time when the application was under consideration.

(3) A licence may be revoked if -

(a) the licence holder does not comply with the conditions of the licence;

(b) no use of the licence is made for a continuous period of one year;

(c) the person for whom the licence is issued has been found guilty of an offence under this Act or an offence affecting public trust.

(4) A licence issued under this Part of this Act may be granted to a natural or legal person but it shall not be transferable; if the licence holder is a natural person, the licence shall expire upon the death of the licence holder and shall not be transmitted to the heirs.