Suspension of letter of approval and transfer of Special Economic Zone in certain cases.10. (1) If, at any time, the Board is of the opinion that a Developer-
| (a) | - | is unable to discharge the functions or perform the duties imposed on him by or under the provisions of this Act or rules made thereunder; or |
| (b) | - | has persistently defaulted in complying with any direction given by the Board under this Act; or |
| (c) | - | has violated the terms and conditions of the letter of approval; or |
| (d) | - | whose financial position is such that he is unable to fully and efficiently discharge the duties and obligations imposed on him by the letter of approval, and |
the circumstances exist which render it necessary for it in public interest so to do, the Board may, on application, or with the consent of the Developer, or otherwise,
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