Cancellation of a licence, certificate, scrip or any instrument bestowing financial or fiscal benefits.

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..... el any 1[licence, certificate, scrip or any instrument bestowing financial or fiscal benefits] granted under these rules if - (a) the 1[licence, certificate, scrip or any instrument bestowing financial or fiscal benefits] has been obtained by fraud, suppression of facts or misrepresentation; or (b) the 2[licensee or transferee] has committed a breach of any of the conditions of the 1[licence, .....

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