(1) The licensee shall renew the license by the end of June of every financial year by submitting the following details-
(a) Proof of income statement submission or income tax filing for the previous financial year,
(A1) Documents proving that at least one hundred workers have been sent to foreign employment in the last two financial years, (b) The number and status of workers sent to foreign employment in the previous financial year.
(2) According to sub-section (3) of section 12 of the Act, the licensee renewing the license at one time for three years shall renew the license before the end of June of the year in which the renewal period ends.
(3) When renewing the license, the renewal fee at the rate of ten thousand rupees for one financial year will have to be submitted.
(4) A licensee who wishes to renew a license that has not been renewed within the period as per sub-rule (1) may, in addition to the renewal fee as per sub-rule (3), pay an additional renewal fee of ten thousand rupees for each month and renew the license by the end of October of the same financial year. If you do not renew such license, you will not be allowed to do foreign employment business.
(5) Regardless of what is written elsewhere in this regulation, the licensee who has not been able to renew the license due to circumstances beyond his control from the date of commencement of this regulation from the 16th of Bhadra 2061 Samvat, shall open the proceedings and return any amount from the bond he has deposited within ninety days from the date of commencement of this regulation. If an application is submitted to the department for renewal of the license and if the application process is found to be reasonable, the license can be renewed by taking a one-time renewal fee of fifty thousand rupees for each year.