Section 55(1)(c) in Jammu and Kashmir Water Resources (Regulation And Management) Rules, 2011
(c)if the licensee fails, within the period fixed in this behalf by the licence, or any longer period which the licensing authority may have granted therefor, to(i)show to the satisfaction of the licensing authority that the licensee is in a position to discharge fully and efficiently the duties and obligations imposed on him by his licence; or(ii)deposit or furnish the security or pay the fees or other charges required by his licence;