(1) In any case where an application has not been advertised pursuant to
section 113 (2) the Ministerial Corporation shall, as soon as practicable
after it has investigated and considered the application and on payment of the
prescribed fee, issue a licence to the applicant in the prescribed form,
subject to such limitations and conditions as it may deem fit and proper.
(2)
In any other case the Ministerial Corporation shall:
(a) where an inquiry has
been held pursuant to section 114 and the Secretary reports in favour of the
issuing of a licence, or
(b) where no inquiry has been held pursuant to
section 114 and the Ministerial Corporation decides to grant the application,
on payment of the prescribed fee issue a licence to the applicant in the
prescribed form, subject to such limitations and conditions as it may deem fit
and proper.
