Clause 3

Nothing in this Act shall be construed as requiring any executor, administrator, trustee, liquidator, official receiver, trustee in bankruptcy of a bankrupt estate, trustee under a composition or scheme of arrangement or under a deed of arrangement or under a deed of assignment, committee of the estate or person of a mentally ill person, or manager of the property of an incapable person, for the purpose of performing his functions, exercising his powers or carrying out his duties as such, to hold a licence.

Notwithstanding anything contained in subsection (1), it shall not be lawful for any of the persons referred to in that section for whom is vested the management of the business of any travel agent to carry on that business at any time after the expiration of three months from the date on which the management of that business was so vested, unless that person holds a licence.

Nothing in this Act shall be construed as relieving any person from the obligation to take out a licence under any written law for the performance of any function, the exercise of any power or the carrying out of any duty for which a licence shall have been required if this Act has not been passed or to pay the fee payable in respect of any such licence.

Nothing in this Act shall be construed as requiring the Official Assignee performing his duties as the trustee in bankruptcy of the property of a bankrupt to hold a licence.