(1) The Commissioner may without prejudice to any other proceedings which may be taken against the licences by an order in writing suspend of cancel the licence or forfeit the whole or part of the deposit made under the rules, if the licensee or any person in his employment contravenes any of the provisions of the Act or the rules made thereunder or the conditions of the licence;
Provided that before proceeding under this rule the Commissioner shall give the licensee a notice in writing stating the grounds on which it is proposed to take action against him and requiring him to show cause against it within such time not ordinarily exceeding fourteen days as may specified in the notice.
(2) The licensee shall not be entitled to claim any compensation on account of suspension or cancellation or non-renewal of the licence.
(3) Notwithstanding anything contained in sub-rule (1) above in so far as it relates to suspension of licence, when a prime facie case has been made out, the Commissioner may, at any time, and for reasons to be recorded in writing suspend the licence and in such case it shall not be necessary to give an opportunity to the licensee to state his objections.
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(4) Notwithstanding anything contained in the sub-rule (1) the Commissioner may cancel a licence without any notice if the licensee is adjudged as an insolvent by a competent Court.