INDIA FOREIGN EXCHANGE

 
 
 
 
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    India Foreign Exchange Info

     

    Foreign Contribution (Regulation) Act, 1976

     

    10. Cancellation of a licence

    The Director-General or the licensing authority may, by an order in writing, cancel any licence granted under these rules, if-

    (a) the licence has been obtained by fraud, suppression of facts or misrepresentation; or

    (b the licensee has committed a breach of any of the conditions of the licence; or

    (c) the licensee has tampered with the licence in any manner; or

    (d) the licensee has contravened any law relating to customs or foreign exchange or the rules and regulations relating thereto.

     

     
     
     
     
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