Power to take security and counterpart agreement

Subject to such rules as may be prescribed, any authority granting licence under this Act may require the licensee- (a) to give security for the observance of the terms of his licence, and (b) to execute a counterpart agreement in conformity with the tenor of his licence.

1. (a) to give security for the observance of the terms of his licence, and
2. (b) to execute a counterpart agreement in conformity with the tenor of his licence.