The said licences shall be granted on such conditions and subject to such restrictions and limitations for the honest and good behaviour of the licensees as Government may from time to time prescribe.

Licences what to specify Every licence so granted shall specify—

1. (a) the name and business-address of the licensee;
2. (b) the period for which it is to be in force;
3. (c) the conditions on which, and the restrictions and limitations subject to which, it is granted; and shall be granted on payment to the Central Government of such fee, if any, as that Government may from time to time direct: Provided that, until provision to the contrary is made by the Parliament by law, all such fees shall be payable to the State Government under this section as were being lawfully taken thereunder immediately before the commencement of the Constitution