Singapore legislation
Clause 10
Clause 10
Revocation of a licence
(1)
The Authority may, by order, revoke a licence if it is satisfied that the licensee —
has ceased to carry on the business for which he has been licensed or, if the licensee is a company, goes into liquidation or is wound up or otherwise dissolved; or
is contravening or has contravened the provisions of this Act; or
has failed to comply with or observe any of the conditions of his licence; or
has made a false or incorrect statement in his application for a licence; or
has carried on or is carrying on business in a manner likely to be detrimental to the interests of the public or his customers; or
has been convicted of any offence involving dishonesty or moral turpitude or, if the licensee is a company, any of its officers holding a managerial or an executive position has been convicted of any offence involving fraud or moral turpitude.
(2)
The Authority shall, before revoking any licence under the provisions of subsection (1), give the licensee notice in writing of its intention to do so, specifying a date, not less than thirty days after the date of the notice, upon which such revocation shall take effect and calling upon the person concerned to show cause to the Authority why such licence should not be revoked.
(3)
When the Authority has revoked a licence under the provisions of subsection (1), it shall forthwith inform the person concerned by notice in writing of such revocation.
(4)
The person whose licence has been revoked may, within twenty-one days of the receipt of the notice referred to in subsection (3), or within such extended period of time as the Minister may allow, appeal in writing against such revocation to the Minister whose decision shall be final.
(5)
An order of revocation shall not take effect until the expiration of a period of thirty days after the order has been served on the licensee.
(6)
If within that period the licensee concerned gives due notice of appeal to the Minister the order shall not take effect unless the order is confirmed by or is for any reason dismissed by the Minister or the appeal is withdrawn.