(1) Where the licensee or his representative contravenes any of the provisions of the Act or the rules made thereunder or the conditions of the licence, the Commissioner may, without prejudice to any other 20 proceedings which may be taken against the licensee, by an order in writing suspend or cancel the licence or forfeit the whole or part of the security deposit made under the rules:
Provided that the Commissioner shall issue a notice in writing stating the grounds on which it is proposed to take action against licensee and requiring him to show cause against such action, within 14days from the date of receipt of the notice and he shall also be given a reasonable opportunity of being heard.
(2) Notwithstanding anything contained in sub-rule
(1) the Commissioner may, suspend the licence temporarily for a period not exceeding ninety days pending framing of charges for violation of irregularities noticed. In such a case, the reason for suspension shall be communicated to the licence holder within ten days from the date of suspension.
(3) Notwithstanding anything contained in sub-rule (1) the Commissioner may, cancel a licence without any notice the licensee is declared as an insolvent by a competent court.
(4) Notwithstanding anything contained in sub-rule (1) where the suspension of licence is made by the Commissioner under sub-section 4 of Section 23 of the Act, it shall not be necessary to give any notice to the licensee.
(5) The licensee shall not be entitled to claim any compensation on account of suspension or cancellation of the licence.