Section 60. Suspension or Cancellation of licence of electronic trading platform.
The Director or Managing Director may, for the reasons to be recorded, specifying the breach of any provision of Act, Rules, Bye‐laws, instructions, orders, suspend or cancel the licence, granted under Section 55, by passing as peaking order: Provided that no order for suspension or cancellation of licence shall be passed without giving a reasonable opportunity of being heard.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
Cases citing this section
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