4.—(1) Any person who desires to obtain a licence shall make an application in the prescribed manner to the Board for the grant of a licence.
(2) Upon receiving an application under subsection (1), the Board shall consider the application and may grant a licence for a period of one year at a time, with or without conditions, or refuse to grant a licence.
(3) The Board shall refuse to grant a licence if —
(a)
satisfactory evidence has not been produced to show that the applicant is a fit and proper person to hold a licence;
(b)
the applicant or, if the applicant is a company, any of its officers holding a managerial or executive position has been convicted of any offence involving dishonesty, fraud or moral turpitude; or
(c)
the Board considers it in the public interest to do so.
(4) A person who is not an incorporated person may not be licensed under this section unless the person is registered under a registered business name under the Business Names Registration Act 2014.
[Act 29 of 2014 wef 03/01/2016]
(5) Every licensee shall pay such annual licence fee as may be prescribed.