" Sub section (1 ) of sect,ion 637A reads as under: "637A. Power of Central Government to accord approval, etc., subject to conditions and to prescribe fees oft applications. ( 1 ) Where the Central Government is required or authorised by any provision of this Act, (a) to accord approval, sanction, consent, confirmation or recognition to or in relation to, any matter; (b) to give any direction in relation to any matter; or (c) to grant any exemption in relation to any matter; then, in the absence of anything to the con trary contained in such or any other provision of this Act, the Central Government may ac cord, give or grant such approval, sanction, consent, confirmation, recognition, direction or exemption subject to such conditions, limitations,ions or restrictions as it may think fit to impose and may, in the case of contravention of any such condition, limita tion or restriction, rescind or withdraw such approval, sanction, consent, confirmation, recognition, direction or exemption.