The violation of any provision of this chapter or any rule or regulation adopted and promulgated pursuant to this chapter by any person who possesses a license or permit is cause for revocation or suspension of such license or permit by the Commissioner. An order of suspension shall state the period of time of such suspension, which period may not be in excess of one year from the date of such order. An order of revocation shall state the period of time of such revocation, which period may not be in excess of two years from the date of such order. Such order shall effect suspension or revocation of the license or permit then held by the person, and during such period of time no license or permit shall be issued to such person. If, during the period between the beginning of proceedings and the entry of an order of suspension or revocation by the Commissioner, a new license or permit has been issued to the person so charged, the order of suspension or revocation shall operate effectively with respect to such new license or permit held by such person.