Section 23
. Renewal of licence . – An application for renewal of a licence shall be–
23 . Renewal of licence . – An application for renewal of a licence shall be–
(a) in such form;
(b) accompanied by such fees, not exceeding five thousand rupees, as may be prescribed by the Central Government and shall be made not less than forty-five days before the date of expiry of the period of validity of the licence.