Clause 14

by deleting the words “by licence direct” in the 13th and 14th lines of subsection (1) and substituting the word “approve”;

by deleting the words “by licence authorise” in the 14th line of subsection (2) and substituting the words “grant his approval to”; (c)by deleting the words “A licence under this section may be issued” in the 1st line of subsection (3) and substituting the words “The Minister may grant his approval”; (d)by deleting the words “a licence granted by the Minister under this or under any corresponding previous enactment” in the 1st, 2nd and 3rd lines of subsection (5) and substituting the words “an approval granted under this section to it”;

by deleting the words “A licence under this section or under any corresponding previous written law” in the 1st and 2nd lines of subsection (6) and substituting the words “Any approval granted under this section”;

by deleting the words “the licence” and “a licence” in the 7th line of subsection (6) and substituting in each case the words “the approval”; (g)by deleting the words “a licence under this section or under any corresponding previous written law” in the 1st and 2nd lines of subsection (7) and substituting the words “the approval of the Minister under this section”;

by deleting the words “a licence” in the penultimate line of subsection (7) and substituting the words “such approval”; and

by inserting, immediately after subsection (7), the following subsections:“(8) Notice of any approval under this section shall be given by the Registrar on behalf of the Minister to the company or proposed limited company.(9) Upon the application of the company or proposed limited company and payment of the prescribed fee, the Registrar shall issue to the company or proposed limited company a certificate confirming the approval under this section.”.