Section 94: Application for issue or renewal of licence
This section is inserted by Finance Act 2017, section 23.
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
94. Application for issue or renewal of licence
(1) An application for the issue or the renewal of a
licence shall be made in such form and manner as the Board
may determine.
(2) An application under subsection (1) shall, in the
case of –
(a) an individual, be accompanied by –
(i) a certi(cid:191)cate of character issued not
earlier than 3 months from the date
of the application(cid:30) and
(ii) such other document or information
as the Board may determine(cid:30) or
(b) a company or other entity, be accompanied
by –
(i) the names of its directors, managers
or of(cid:191)cers, as the case may be(cid:30)
(ii) the names of persons having a direct
or indirect interest in the company
or entity(cid:30)
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(iii) a certi(cid:191)cate of character issued
not earlier than 3 months from the
date of the application in respect
of the persons referred to in
subparagraphs (i) and (ii)(cid:30) and
(iv) such other document or information
as the Board may determine.
(q) in section 95, by repealing paragraph (a) and replacing it by
the following paragraph –
(a) determine whether the applicant, or in the
case of a company or other entity, any of
its directors, managers, of(cid:191)cers or any
other person having a direct or indirect
interest in the company or entity, is a (cid:191)t
and proper person(cid:30) and
(r) in section 99, by repealing subsection (9) and replacing it by
the following subsection –
(9) (a) Notwithstanding subsection (1), the
Board may impose a (cid:191)nancial penalty on a licensee where he
does not comply with –
(i) any condition of his licence(cid:30)
(ii) any rule in respect of gambling,
lottery games, sweepstakes or other
lotteries(cid:30) or
(iii) any guideline or direction issued by
the Board.
(b) A (cid:191)nancial penalty referred to in
paragraph (a) shall –
(i) in the case of the breach of a
condition of a licence relating to
the central electronic monitoring
system set up under section 109,
not exceed 500,000 rupees(cid:30)
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(ii) in every other case, not exceed
50,000 rupees.
(s) in section 105 –
(i) in subsection (1)(b), by deleting the word (cid:179)keep(cid:180)(cid:30)
(ii) by repealing subsection (3) and replacing it by the
following subsection –
(3) Any record or document under
subsection (1) shall –
(a) be kept for not less than 5 years(cid:30)
and
(b) on request, be produced to the
Authority.
(t) by repealing section 106 and replacing it by the following
section –