Section 63: Refusal of licence

(1)
The Commission may refuse to issue a licence to any of applicant pursuant to an application made under sections 58 and 61 of this Act where it is satisfied that -
(a)
the information contained in the application for grant of licence is false or untrue in any material particular;
(b)
the application does not meet the requirements prescribed by this Act or the Commission for grant of license; or
(c)
The licence of the applicant had earlier been revoked by the Commission under any of the conditions mentioned in section 64 of this Act.