22. Power of Commissioner-General to recommend cancellation of approval granted under section 17

Where the Commissioner-General is satisfied that any company approved by the Minister under section 17 has not taken any step to commence business within a period of one year from the date on which the Minister has approved such company, he shall recommend to the Minister that such approval be cancelled, and upon such recommendation, the

Minister may, having regard to the interests of the economy, by Order published in the Gazette, cancel such approval.