Licence suspension permits written action following preventive detention or the initiation of licence cancellation proceedings. Licence operation may be suspended by written order where a person is detained under the Conservation of Foreign Exchange and Prevention of Smuggling ... Summary
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Licence suspension permits written action following preventive detention or the initiation of licence cancellation proceedings.
Licence operation may be suspended by written order where a person is detained under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974. This extends to a partnership firm or private limited company where the detained person is a partner, whole-time director, or managing director. Suspension ceases upon revocation or judicial setting aside of the detention order in the specified circumstances, and may also be imposed when licence-cancellation proceedings have commenced.
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