39. The Commission may also suspend or revoke the licence of a licensee who(1) has failed to implement an order under section 37 or to comply with a personal undertaking signed under section 38;
(2) was convicted of or pleaded guilty to an offence against this Act or any of the regulations thereunder within the last two years and has not obtained a pardon;
(3) was convicted of or pleaded guilty to an indictable offence in relation to an activity authorized by his licence within the last five years and has not obtained a pardon.