Section 81A: Disclosure of particulars

81A. Disclosure of particulars (1) Every holder of a road service licence, contract bus licence or contract car licence shall, on or before 31 October in every year, submit to the Authority a detailed statement showing— (a) his receipts and expenditure supported by certified copies of vouchers; (b) salaries, allowances and conditions of service of persons in his employ and, where the holder is a company, of its directors; and (c) any acquisition or transfer of assets, for the preceding year ending on 30 June of that year. (2) Any person who fails to comply with subsection (1) shall commit an offence and shall, on conviction, be liable to a fine not exceeding 2,000 rupees. (3) Without prejudice to subsection (2), the Authority may revoke the licence held by any person who— (a) fails to comply with subsection (1); or (b) makes any statement which he knows to be false in any material particular.