7. (1) Every licence issued under section 5 or renewed under section 6 shall be liable to be suspended, cancelled or revoked either temporarily or permanently by the Director for valid reasons to be stated in writing, and in particular if the warehouse-man- (a) has been adjudicated an insolvent or bankrupt; (b) has parted in whole or in part with his control over the licensed warehouse; (c) has ceased to conduct such licensed warehouse; (d) has made exorbitant or unreasonable charges for the services rendered by him; (e) has in any other manner become incompetent to conduct the business of warehousing; or (f) has violated any of the terms of the licence or of the provisions of this Ordinance or the rules. (2) The Government may, by notification in the official Gazette, prescribe any other conditions under which a licence may be suspended, cancelled or revoked. (3) Any person aggrieved by an order passed under sub-section (1) shall be entitled to prefer an appeal to the Government or to such authority as it may appoint in this behalf.