(1) A licence granted under section 1 may be revoked-

(a) if the Commissioner, after consultation with the National Redemption Council, is satisfied that the licensee has contravened or failed to comply with any of the requirements of the licence or of this Decree; or

(b) if the Commissioner, with the prior approval of the National Redemption Council, is satisfied that it is in the public interest so to do; or

(c) if in any criminal proceeding however arising the High Court recommends to the Commissioner that the licence be revoked.

(2) For the purposes of subsection (1)(c) of this section the High Court shall have power to recommend that a licence be revoked.