4. Provisions of License:
(1) A person or a corporate body, who desires to conduct survey, generation, transmission or distribution of electricity, shall be required to submit an application to the prescribed officer along with the economic, technical and environmental study report and with other prescribed   particulars on the relevant subject.
Provided that such study report shall not be required to be included while applying for the license to conduct the survey relating to electricity.
(2) On receipt of an application pursuant to Sub-section (1) the prescribed officer shall have to examine or cause to examine necessary enquiries and shall have to issue license to the applicant according to the format as prescribed within 30 days of receipt of such application in case of license for conducting survey relating to electricity
and within 120 days in as of license for generation, transmission or distribution of electricity.
(3) A person or a corporate body, who is doing generation, transmission or distribution of electricity prior to the commencement of this Act, shall be required to submit an application along with prescribed particulars to the
prescribed officer within one year from the date of the commencement of this Act except otherwise provided in the proviso clause of Section 3.
(4) On receipt of an application pursuant to Sub-section (3) the prescribed officer after examining necessary enquiries, shall issue the license according to the format as prescribed within 60 days of receipt of such application.
(5) In case a license desires to sell or otherwise transfer its license, it shall be required to obtain the approval from the prescribed officer.