Section 129

The grant or renewal of any licence shall be in the discretion of the Commissioner and may be granted, renewed or refused without any reason for such grant, renewal or refusal being assigned therefor and may be granted or renewed subject to such restrictions and conditions as the Commissioner may think fit and shall be subject to suspension, cancellation or revocation at any time without compensation (except as provided in section 88) and without notice by the Commissioner upon breach of any restriction or condition subject to which it was issued or to any contravention of such of the provisions of this Act or any regulations made thereunder as affect the licence.

The Commissioner may require any applicant for a licence to furnish such information and evidence as he may reasonably require for a full and proper consideration of the application and in the event of a refusal to furnish such information shall refuse to grant or renew the licence.

Save as otherwise provided, any licence may be for such period not exceeding 12 months as the Commissioner thinks fit.

There shall be charged for the grant or renewal of any licence such fee, if any, as may be prescribed by the Minister.

Where a licence is issued for a period of less than 12 months, the Commissioner may charge a proportionate fee therefor:Provided that in charging such proportionate fee any part of a month shall be reckoned as one month.

No licensee shall be entitled to any refund of any fee paid by him in respect of any licence.

Any person who, in any manner, transfers any licence or permits any licence to be used by any other person without the approval in writing of the Commissioner shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000; and, in addition, the Commissioner may cancel or suspend for such period as the Commissioner thinks fit the licence of any person convicted of an offence under this subsection.

Save as otherwise provided, any person aggrieved by the refusal by the Commissioner to grant or renew a licence or by the suspension or revocation by the Commissioner of any licence may within one month of such refusal, suspension or revocation appeal to the Minister whose decision shall be final.

In this section, “licence” includes any approval, consent, permit, permission, authority, authorisation or licence which may be granted or renewed by the Commissioner in pursuance of this Act or any regulations made thereunder.[132