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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Registration Form shall lose efficacy automatically from the day when the industrial and commercial administrations cancel the registration or revoke the business license of the alcohol managers.

《登记表》自酒类经营者在工商行政管理部门注销登记或被吊销营业执照之日起自动失效。

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

FORBES

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