29. Surrender of DC licence

A licensee may surrender its DC licence by giving to the Authority a written notice of at least 6 months or such other period as may be prescribed.

The surrender takes effect only if the Authority consents to the surrender.

The Authority’s granting of consent may be subject to the licensee meeting such conditions as may be specified.

A surrender of a licence takes effect on —

The Authority may, on the application of a licensee and on any terms that the Authority thinks appropriate, by notice abridge the notice period mentioned in subsection (1).