(1) The period of Licence shall be of twenty-five years at the maximum.
Privoded that, the Licence shall not be issued for a period of more than ten years at a time.
(2) A Licencee desiring to have his/her Licence renewed shall be required to submit an application to the Authority for the renewal of the Licence before the expiry of the period of the Licence within the prescribed
period. If an application is so made, the Licence shall be renewed for a period of not more than five years at a time.
(3) The Licencee pursuant to Sub-sections (3) and (4) of Section 24 shall deposit the renewal fee as agreed by him/her to the Authority for the purpose of the renewal of the Licence pursuant to Sub-section (2).
(4) The Licencee pursuant to Sub-section (2) of Section 24 shall deposit the renewal fee as prescribed to the Authority for the purpose of the renewal of the Licence pursuant to Sub-section (2).
(5) In case the Licence is not renewed within the time limit pursuant to Sub-section (2), such Licence shall ipso facto be invalid.