A document destruction contractor, or the principal of any document destruction firm, company, partnership, corporation or organization registered under article 39-G of the General Business Law which has its registration revoked or suspended by the Department of State shall be ineligible to re-register as a document destruction contractor for the period of such revocation or suspension. A document destruction contractor whose license has been revoked or suspended shall be prohibited from acting as a principal of any document destruction contractor firm, company, partnership, corporation or organization or from employing other persons to conduct document destruction services for the period of the revocation or suspension.