Section 56. Holder of licence, etc., not entitled to compensation or refund of fee for cancellation or suspension thereof.

(1) Whenever the authority granting a 1[licence, permit, pass or authorization] considers that it should be cancelled for any cause other than those specified in section 54, he may cancel 2[it] either- (a) on the expiration of not less than fifteen days notice in writing of his intention to do so; or 3[(b) forthwith without notice, recording his reasons in writing for doing so.] 4[(2) Where a licence, permit, pass or authorization is cancelled under sub-section (1), a part of the fee for the licence, permit, pass or authorization proportionate to the unexpired portion of the term thereof and the deposit made by the holder thereof in respect of such licence, permit, pass or authorization shall be refunded to him after deducting any amount due from him to the State Government.]