(1) The Commissioner may at any time revoke a public service vehicle licence upon the application of the licensee.
(2) The Commissioner may at any time on his own motion revoke or suspend for such period as he shall think proper a public service vehicle licence in respect of which he is satisfied -
(a) that the licensee, if an individual, has died or, if an incorporated body, has been dissolved more than three months previously and that such licence has not been transferred under this Part of this Act to any other person, or
(b) that the property in the vehicle to which such licence relates has been transferred by act of the parties or operation of law (otherwise than on the death or dissolution of the licensee) from the licensee to another person and that such licence has not been transferred under this Part of this Act to such other person, or
(c) that the licensee has ceased to be a fit and proper person to hold a public service vehicle licence, or