146Grounds for exercise of powers

146 Grounds for exercise of powers The grounds referred to in section 145 are: (a) that the licence was obtained by means of misrepresentation; and

Consumer Affairs and Fair Trading Act 1990 64 (b) that the holder of the licence is a person who, if that person were (instead of being such a holder) an applicant for a licence under section 132, would be refused a licence pursuant to section 136 or 137; and (c) that the holder of the licence, being a body corporate, has failed to give notice under section 147(1) of a change in the directors, or persons concerned in the management, of the body corporate.