If a foreign airline fails to submit application for extension after business license gets matured, Civil Aviation Administration shall revoke its business license.

外航在经营许可有效期满后未提出延续申请的，民航局注销其经营许可。

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Last week, Benjamin Lawsky, the superintendent of the DFS threatened to revoke a banking license that would prevent Standard Chartered from doing business in New York.

FORBES: Did Standard Chartered Get Off Easy? How A $250 Billion Allegation Turned Into A Measly $340 Million Settlement

It will affect the de facto "license" of a business to operate--a license that customers won't hesitate to revoke.

FORBES

He also announced that the California labor commissioner was initiating proceedings to revoke Merced Farm Labor's license as a farmworker contractor.

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