Section 14: Revocation of a licence.

A licence may be revoked by the Bank if the Credit Bureau-(a) ceases to carry on business in line with the terms in the Licence granted for a continuous period of 6 months or any period aggregating 6 months during a continuous period of 12 months;
(b) a winding-up or analogous order has been made against it or a
resolution for voluntary winding-up has been passed or it is otherwise
dissolved;
(c) fails to comply with minimum capital requirements prescribed by the
Bank, from time to time, or to comply with any condition subject to which
the Licence was granted;
(d) fails to commence business within 6 months immediately after the date of issue of a Licence, unless it notifies the Bank of, and the Bank confirms in writing that it is satisfied with the reason for not commencing business withinthatperiod
(e) breaches the provisions of a law which deals with data protection,
computer misuse, or electronic transactions;
(f) obtained the Licence on the premise of wrong, false, misleading
information or concealment of material information which, if known at the
time of evaluation of the application for the Licence, the Bank would not
have granted the Licence
(g) applies to the Bank 'for the revocation of the Licence; or
(h) fails to comply with the provisions of this Act or the regulations,
guidelines or other directives made or issued by the Bank pursuant to this
Act, and the Bank is of the opinion that such failure justifies the revocation
of the Licence.