Section 94: Application for issue or renewal of licence

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 certificate of character issued not earlier than 3 months from the date of the application; and (ii) such other document or information as the Board may determine; or (b) a company or other entity, be accompanied by – (i) the names of its directors, managers or officers, as the case may be; (ii) the names of persons having a direct or indirect interest in the company or entity; Acts 2017 195 (iii) a certificate 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); 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, officers or any other person having a direct or indirect interest in the company or entity, is a fit and proper person; 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 financial penalty on a licensee where he does not comply with – (i) any condition of his licence; (ii) any rule in respect of gambling, lottery games, sweepstakes or other lotteries; or (iii) any guideline or direction issued by the Board. (b) A financial 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; 196 Acts 2017 (ii) in every other case, not exceed 50,000 rupees. (s) in section 105 – (i) in subsection (1)(b), by deleting the word “keep”; (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; and (b) on request, be produced to the Authority. (t) by repealing section 106 and replacing it by the following section –