(6) Where it has come to the knowledge of the Authority that there has occurred a substantial change in the composition of the share capital of the public operator, the Authority may cancel the licence forthwith subject to the public operator being afforded all opportunity to be heard on why the licence should not be cancelled. (7) Any matter dating back to more than 3 years shall not be the subject matter of consideration by the Authority unless an inquiry, verification or action has been initiated within that period. (8) The Authority shall give reasons for its decision under this section and notify the interested party. (9) 26. Notwithstanding subsection (5), where a public operator fails to comply with a decision of the Authority under subsection (4), he commits an offence and shall be liable, on conviction, to a fine, the maximum of which shall be 3% of the net turnover of his preceding financial year or 5,000,000 rupees, whichever is the lesser. Obligations of licensees Every licensee shall - 27. (a) comply with every term and condition attached to his licence; (b) maintain an installation, apparatus or premises relating to his licence in such condition as to enable him to provide a safe, adequate and efficient service; (c) provide access thereto to an authorised officer; (d) furnish to the Authority such reports, accounts and other information relating to his operations as the Authority relay require; (e) comply with any written direction given to him by the Authority in relation to the exercise of his rights and obligations under a licence. Public operators entering premises (1) A public operator shall, subject to subsection (2), have authority to (a) enter any property for the purpose of exercising any of his powers under his licence; (b) establish any installation or apparatus on, over, under or across any land or road. (2) (a) Before entering on any private property pursuant to subsection (1), a public operator shall give not less than 4 days written notice of his intention to the owner or occupier, stating the reasons for which lie proposes to do so.