Suspension of trade licences may follow detention or specified convictions, ending upon revocation or judicial set aside. The Director General or licensing authority may suspend licences, certificates, scrips or other instruments bestowing financial or fiscal benefits where an individual has been subject to detention or conviction under specified foreign exchange, smuggling or money laundering provisions, or where such individual is a partner, proprietor or whole time director of an entity; suspension also permitted when cancellation proceedings under the applicable rule are initiated. Suspension ceases if the detention order is revoked by the advisory board or is set aside by judicial authority.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Suspension of trade licences may follow detention or specified convictions, ending upon revocation or judicial set aside.
The Director General or licensing authority may suspend licences, certificates, scrips or other instruments bestowing financial or fiscal benefits where an individual has been subject to detention or conviction under specified foreign exchange, smuggling or money laundering provisions, or where such individual is a partner, proprietor or whole time director of an entity; suspension also permitted when cancellation proceedings under the applicable rule are initiated. Suspension ceases if the detention order is revoked by the advisory board or is set aside by judicial authority.
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