53 Modification in pursuance of proposals under section 52

53  Modification in pursuance of proposals under section 52

(1)     Subject to the following provisions of this section, where the [appropriate agency] has formulated any proposals under section 52 above with respect to any licence under this Chapter, it may—

(a)     if the proposals are for the revocation of the licence, revoke the licence; and

(b)     if the proposals are proposals for varying the licence, vary the licence

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