Amendment status not verified — confirm the current text below against the official source.
Conditions of grant of licence for private market. - (1) The Commis- sioner may charge such fees as he thinks fit to impose for the grant of a licence to any person to open a private market and may grant such licence subject to such conditions, consistent with this Act and any bye-laws made thereunder, as he thinks fit to impose. (2) When the Commissioner refuses to grant any licence, he shall record a brief statement of the reasons for such refusal. (3) The Commissioner may, with the previous approval of the Corporation and for reasons to be recorded, suspend a licence in respect of a private market for such period as he thinks fit or cancel such licence. (4) A private market of which the licence has been suspended or cancelled as aforesaid shall be closed with effect from such date as may be specified in the or- der of suspension or cancellation. Section 335