Section 409
Licences to be surrendered when they cease to be valid.
The Merchant Shipping Act, 1958
About this Act
An Act to foster the development and ensure the efficient maintenance of an Indian mercantile marine in a manner best suited to serve the national interests and for that purpose to establish a National Shipping Board to provide for the registration, certification, safety and security of Indian ships and generally to amend and consolidate the law relating to merchant shipping.
When a licence under section
406 or section 407 ceases to be valid, the person to whom it was granted shall, without unreasonable
delay, return it or cause it to be returned to the Director-General.