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Grounds for Suspension or Cancellation of License. - The OMB may, motu proprio or upon motion of any interested party, after notice and hearing, suspend or cancel a license on any of the following grounds:
(a) when requested by the license holder;
(b) when the license holder has ceased to engage in the activities authorized under the license or in the place, location or premises indicated in the license;
(c) when the license holder has been convicted of an offense under this Act or under any other Law relating to the protection of intellectual property rights; or
(d) when the license holder is in breach of, or is unable to comply with any of the conditions prescribed in the license.
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