17.
Other Functions and Duties of the Certifying Authority:
Other functions and duties of the certifying authority, other than those to
issue a certificate, to suspend or revoke it, shall be as prescribed.
18.
Procedure for granting of a license: (1) The Controller may, on receipt of
an application under section 16, after considering the qualification of applicant
and also the documents and statements decide upon within a period of two
months of receipt of such application whether or not such a person possesses
the financial, physical and human resources, and other facilities as prescribed
and whether or not a license should be issued to such an applicant and a notice
to that effect shall be given to him.
(2)
While deciding upon the issuance of a license under Sub-section
(1), the Controller may inspect the facilities, financial and physical resources of
the applicant.
(3)
If the Controller decides to issue a license under Sub-section (1),
a license in the prescribed format shall be issued to the applicant specifying the
period of validity of the license and also the terms and conditions to be
followed by him.
(4)
Other procedures relating to the issuance of a license shall be as
prescribed.
19.
Renewal of License: (1) A license obtained by Certifying Authority shall
have to renew in each year,
(2)
A Certifying Authority desirous to renew the license under Sub-
section (1), shall have to submit and application in the prescribed format to the
Controller at least two months prior to the expiry of the period of validity of
such a license along with such renewal fee as prescribed,
(3)
If an application is submitted for renewal, under Sub-section (2),
the Controller shall have to decide whether to renew the license or not, after
completing the procedures as prescribed one month prior to the expiry date of
validity of such a license,
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