Section 27, Development Agency Act, 2016

(1) Subject to this section, the Board may cancel or varythe terms and conditions of a registration certificate where- (a) information is given to the Agency by the holder of the registration certificate that a business registered under this Act - (i) has ceased to meet the criteria that qualifies it as a Small or Medium enterprise; (ii) is false or misleading in any material particular; (b) the holder of the registration certificate, without lawful excuse, fails to- (i) comply with any requirement of this Act or any regulations made under it; or (ii) pay any fee or charge levied under this Act or any regulations made under it; (c) the holder of a registration certificate- (i) changes the name or address specified in the registration certificate; or (ii) intends to change the nature of the business activity specified in the registration certificate; (d) the holder of a registration certificate ceases his operations either temporarily or permanently and notifies the Agency of the cessation. (2) Before cancelling or varying a registration certificate, the Board shall, by notice in writing, within such reasonable time as it thinks fit, require the holder of the registration certificate to show cause why his registration certificate should not be cancelled or varied. PART VII–MISCELLANEOUS PROVISIONS