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Article (10)

IA-BOD-RES 37/2017 Effective from 27/10/2017

The Director General may impose any of the penalties mentioned in this Article if the Point of Sale committed any of the following violations:

  1. Violations:
    • Violation of the law, Regulations, Rules, Instructions, Decisions or Circulars issued by the Authority.
    • Loosing of one of the conditions of the license and registration stipulated in these instructions.
    • Significant breach of any of the prescribed duties and obligations.
    • Failure to renew the registration.
    • If it was discovered that the registration was based on incorrect information or data.
    • If the Point of Sale does not practice the licensed activity within six months from the date of granting the license.
       
  2. Procedures and penalties: If any of the violations mentioned in sub-article (1) of this Article are proved to be committed, then Director General may impose the following penalties:
     
    • To give a warning to the company and to compel it to eliminate the causes of the violation committed by the Point of Sale within a specified period.
       
    • To suspend the Point of Sale from practicing its operations for a period not exceeding one year, and compel the company to correct the status of the Point of Sale within a specified period.
       
    • In the event that the irregularities have not been rectified within the specified period, the Director General shall have the right to take the decision to cancel the license and the registration of the Point of Sale.
       
  3. The cancellation of the license shall entail the following:

    The publication of the decision to cancel the license of the Point of Sale and remove it from the Register as soon as it is published in two widely spread local daily newspapers in the state, one in Arabic and other is in English at the expense of the Company and notifying the entity which is having the Point of Sale within its offices.