34. The Government or the Minister may refuse to amend or renew an authorization required under the Acts concerned, may amend, suspend, revoke or cancel such an authorization, in whole or in part, or may oppose its transfer if, where applicable, the applicant or authorization holder or, in the case of a legal person, one of its directors, officers or shareholders is a director, officer or shareholder of a legal person who(1) has been found guilty of an offence under any Act that is administered by the Minister or any regulation made under those Acts(a) in the last five years if the minimum amount of the fine to which the offender is liable for the offence was the amount provided for in section 44; or
(b) in the last two years in any other case; or
(2) has been, in the last five years, found guilty of an offence under a fiscal law, a criminal offence related to activities covered by the authorization or an indictable offence under sections 467.11 to 467.13 of the Criminal Code (L.R.C. 1985, c. C-46).