to comment or object to do so. (2) A comment or objection shall be submitted to the Authority in accordance with the procedures prescribed by regulations made under this Act. Application evaluation process 21. (1) The Authority shall evaluate the application together with any comments, objections and responses and conduct any investigations and require any information it deems necessary to enable it to take a decision which best serves the public interest. (2) The Authority shall, within four months from the date of submission of an application for an individual licence, complete its evaluation and render a written statement advising the Minister to grant or deny the application. (3) The Authority shall, within one month from the date of submission of an application for a class licence, complete its evaluation and grant or deny the application. (4) The Authority shall, in the case of a denial, include in the statement the reasons for the denial. (5) The Authority may, with the approval of the Minister, by regulations, set out the conditions under which the period specified in subsections (2) and (3) may be extended, but shall not, in any case, extend the evaluation period beyond two months. Reasons for denial 22. (1) Without prejudice to section 21, a company providing the information that may be required from it to prove that it meets the conditions established and published by the Authority in conformity with the relevant provisions of this Act shall qualify to obtain an individual or class licence. (2) If a company seeking to obtain an individual licence or class licence fails to provide the required information under subsection (1), the Authority may recommend to the Minister to refuse to grant the individual licence. 43