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28. Suspension
and revocation
(1) The Authority may suspend or revoke
any licence issued Linder this Act for consistent failure of the licensee to comply with
the conditions of the licence:
Provided that before taking action Under this
section, the Authority shall Issue a notice to show Cause and may provide an opportunity
to rectify tile omissions Subject to Such conditions as the Authority may specify.
(2) Where the Authority revokes or
Suspends a licence, it may undertake all or any of the following actions for continuance
of the facilities covered under the licence, namely
(a) permit the licensee to continue
operating such facilities Linder Such terms and conditions as the Authority may specify,
(b) contract with another person to
immediately take over the operation of the facilities; or
(c) appoint an administrator to
take over the operation of the facilities.
(3) The actions specified in
sub-section (2) may continue until a successor licensee takes over charge of the
facilities on such terms and conditions as the Authority may determine, including payment
of compensation for the plant, machinery and other equipment installed at a facility of
the licensee whose licence was revoked.
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