Repealed or not in force · As amended up to 2026-08
52. Where any firm has been licensed under this Act to carry on business as a dealer or refiner, such licence shall, notwithstanding anything contained in this Act, become invalid on and from the date on which there is a change in the partnership of such firm, unless such change in the partnership has been approved by the Administrator.
Licence to a firm to be invalid if there is any change in the partnership of a firm.
Source: India Code