(i) is or has
been guilty of any
misconduct; or
(ii) is a fit and
proper person to be a
director, partner or
person concerned in
the management of the
corporation or firm.
(2) After making such
inquiry in respect of a
registered person, the
Commission may if it thinks
fit
(a) revoke the
registration of the
person;
(b)
suspend the
registration of the
person for such time,
or until the
happening of such
event, as it may
determine; or