Rule 14
Issuance Of A Licence
(1) While conducting an inquiry into the application under Rule 13, the Controller shall, if he/she deems appropriate to give a licence to the applicant, grant a licence to the applicant in the format as referred to in Schedule-3, within Sixty days from the registration of the application upon collecting Twenty-Five Thousand Rupees as a fee for the licence .
(2) Where the Controller has, in addition to the documents attached with the application filed under Sub-rule (1) of Rule 12, requested the applicant for additional documents or details under Subrule (2) of Rule 13, then the date of receipt of such additional documents or details shall be deemed to be the date of registration of the application.
(3) Upon investigation under Rule 13, the Controller shall, if he/she deems inappropriate to issue a licence to the applicant, have to inform the applicant with reason thereof in writing within Sixty days from the date of filing of the application.