(4) While deciding to reject to renew a license, the applicant shall be given a reasonable opportunity to present his/her statement in this regard. 20. License may be suspended: (1) If the documents or statement and statement of financial and physical resources submitted by the certifying authority before the Controller in order to obtain a license are found incorrect or false or the conditions to be complied with in course of operation of business is not complied with or this Act of the Rules framed hereunder are found to be violated, the Controller may suspend the license of the certifying authority till the inquiry in this regard is completed. Provided that, Certifying Authority shall be given the reasonable opportunity to present his/her defense prior to such suspension of a license. (2) Other procedures concerning suspension of license and other provisions related thereto be as prescribed. 21. License may be revoked: (1) If the controller believes, after completion of an inquiry in connection to any activity of Certifying Authority, made duly, as prescribed, that any of the following circumstances have been occurred, the Controller may revoke a license issued under this Act, at any time, as he deems to be appropriate: (a) If the Certifying Authority fails to comply with the liabilities under this act and the rules made thereunder. (b) If it is found that the Certifying Authority has submitted false or incorrect document or statement at the time of submitting an application for obtaining a license or for its renewal, as the case may be. (c) If the Certifying Authority operates business in such a manner so that it shall make adverse effect to the public interest or to the national economy, (d) If the Certifying Authority commits any act that is defined as an offence under this Act or the Rules framed hereunder. 14