Section 6
Period and expiration of licenses and renewals
of Land Use (Control of Prescribed Trading Activities) Ordinance, 1997
State OrdinanceIn forceProvision 5 of 25
Section 6
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(1)
Every licence shall expire on the day fixed or named in such licence, or if no day be fixed then on the day which, in the year following, corresponds to the day on which such licence was granted or renewed.
(2)
Every licence may on or before its expiration be renewed for a further period not exceeding one year at a time:
Provided that where a licence is renewed one week after its expiry date, the holder thereof, if he seeks a renewal thereof shall, unless exempted by the Superintendent, pay a penalty equivalent to fifty percent of the licence fee prescribed in the Schedule, in addition to the prescribed licence fee.