Cap.14:34 SPECIAL EcoNOMIC ZoNES No. 7/2016 of his or her inability to implement such investment, stating the reasons therefor, within thirty days of his or her becoming aware of such inability. (2) A licensed investor shall without delay inform the Authority of any material alteration in the information or particulars furnished by him or her when he or she applied for his or her investment licence. 31 Transfer of investment licences prohibited No licensed investor shall assign, cede or otherwise transfer his or her investment licence to any other person. 32 Power to visit premises and inspect documents (1) To ensure compliance with any conditions subject to which any investment licence was issued, the Authority may visit and inspect any premises having any connection with the investment or proposed investment referred to in the licence, and may examine, make copies of or take extracts from any financial statements, books or other documents having any such connection. (2) Any person who hinders or obstructs the Authority in the conduct of an inspection or examination under subsection (1) shall be guilty of an offence. 33 Suspension and cancellation of investment licences (1) The Authority may suspend or cancel any investment licence where the licensed investor- (a) obtained the licence on the basis offraud or negligent misrepresentation or any false or misleading statement; or (b) fails without reasonable explanation to implement the approved activity described in the licence within the period stipulated or any extension thereof; or (c) fails to comply with any conditions imposed on the issue of the licence. (2) The Authority shall, before taking any action in terms of subsection (1), notify the licensed investor of its intention to suspend or cancel the investment licence concerned and the reasons therefor, and call upon the licensed investor to show cause, within such reasonable period as may be specified in the notice, why his or her investment licence should not be suspended or cancelled, as the case may be. (3) If, at the expiration of the period specified in the notice given in terms of subsection (2), and after considering any representations made by the licensed investor, the Authority is satisfied for any reason specified in subsection (1) that the investment licence concerned should be suspended or cancelled, the Authority may, by notice in writing to the applicant, suspend or cancel the licence or take such other action as it considers appropriate, including suspending or cancelling any incentives to which the licensed investor may be entitled in terms of this Act. 34 Appeals to Minister (1) Any person who is aggrieved by a decision of the Authority in terms of this Part may, within thirty days after the date of the decision, appeal against the decision to the Minister. (2) The Minister may on an appeal, within sixty days after the appeal was noted199