(1) A company, which has the following qualification and intends to operate the multimodal transportation service, shall make an application, accompanied by the prescribed application fees, to the Department:
(a) Having the paid-up capital of at least ten million rupees in the name of the company;
(b) Having its branch, authorized agent or representative in at least two countries, outside Nepal; and
(c) Having the human resource, physical asset and other managerial capacity as prescribed.
(2) If, while examining the application made pursuant to subsection (1), it appears reasonable to issue the license to the applicant to operate the multimodal transportation service, the Department shall issue the license within sixty days after the making of application, by collecting the fees of twenty five thousand rupees for the license.
(3) If, while examining the application pursuant to Sub-Section (2), it appears that the license cannot be issued as requested by the applicant, the Department shall give an information thereof, setting out the reason for the same,
to the applicant within sixty days after the making of application.
(4) The term of license issued pursuant to Sub-Section (2) shall be five years. If, on the expiration of that term, the licensee intends to get the license renewed, it may get the license renewed by paying the prescribed fees to the
Department.