10. Validity period and renewal of license:mn@admin
10. Validity period and renewal of license: (1) The validity period of a
license shall remain valid upto One fiscal year.
(2) A person who intends to get the license renewed has to
submit an application to the licensing authority for renewal, in the
format as referred to in Schedule-8, prior to expiration of the validity
period of the license.
(3) Upon an application submitted for renewal of license
pursuant to Sub-rule (2), the licensing authority may renew such license
by collecting half the fees chargeable pursuant to Rule 9.
(4) If a person comes to get the license renewed after expiration
of the time-limit as referred to in Sub-rule (2), the licensing authority
may renew such license, by also collecting a fine of ten percent for up to
the first one month, twenty percent for up to the second one month,
thirty percent for up to the third one month, forty percent for up to the
fourth one month, fifty percent for up to the fifth one month and cent
percent for up to the sixth one month. A license not got renewed even
within six months shall ipso facto be cancelled.
(4a) Notwithstanding contained anything in Sub-rule (4), a
person who has not renewed the license until the commencement of this
Sub-rule, may submit an application before licensing authority to renew
the license within Three months of the commencement of this Sub-rule.
(4b) Upon receiving an application pursuant to Sub-rule (4a),
the licensing authority shall renew the license by collecting the renewal
Amended by the Third Amendment.
fee pursuant to Sub-rule (3), cent percent fine pursuant to Sub-rule (4)
and additional fine which is equal to as referred to in Sub-rule (4).
(5) Notwithstanding anything contained in Sub-rules (2) and (3),
the license to be issued for a short period shall remain valid only for the
period mentioned in that license.