(1) A license obtained by Certifying Authority shall have to renew in each year,
(2) A Certifying Authority desirous to renew the license under Sub- section (1), shall have to submit and application in the prescribed format to the
Controller at least two months prior to the expiry of the period of validity of such a license along with such renewal fee as prescribed,
(3) If an application is submitted for renewal, under Sub-section (2), the Controller shall have to decide whether to renew the license or not, after
completing the procedures as prescribed one month prior to the expiry date of validity of such a license,
(4) While deciding to reject to renew a license, the applicant shall be given a reasonable opportunity to present his/her statement in this regard.