Section 48, Tyre Corporation of India Limited (Disinvestment Of Ownership) Act, 2007 [S24-5J7]
As at 7 September 2026. In force from 20 November 2007.
48. Grant of licence.—(1) An application for a licence to undertake the carrying on of a regulated activity shall be made to the Controller in Form B, accompanied by a fee of one hundred rupees. (2) The Controller may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Controller may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (1)
prescribed: Section 2, Tyre Corporation of India Limited (Disinvestment Of Ownership) Act, 2007 [S2444A] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act
prescribed: 996 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 47, Tyre Corporation of India Limited (Disinvestment Of Ownership) Act, 2007 [S24-5H1], 20 November 2007, Band A. "section 48".
Not held (0)
none
Duties published under this section (0)
none