(1) The licence issued under section 3 may be revoked by the Commission with the approval of Cabinet on the last day of the first 55 years of the licence; but no purported revocation of the licence under this section shall be effective unless the Commission has given the Company not less than 24 months previous written notice of such revocation.
(2) If the Cabinet approves the revocation of the licence, the Government shall upon such revocation of the licence purchase from the respective registered holders thereof at the price and in the manner specified in section 6, all shares issued and all debt incurred, by the Company which are then held, otherwise than by the Government or any company, the entire issued ordinary share capital of which is in the beneficial ownership of the Government.
(Substituted by Act 2 of 2016)