14(1)The Registrar, upon receiving an application together with the prescribed fee and upon being satisfied that the applicant has complied with this Act and the regulations, may issue to the applicant a dealer’s licence valid to midnight of the thirty-first day of December next following the date of issuance which shall entitle the licensee to conduct the business of a dealer at a specified location or locations.

14(2)The Registrar, upon receiving an application together with the prescribed fee, may renew any licence issued under subsection (1).

14(3)The Registrar may, after written notice to a dealer, cancel the dealer’s licence if the dealer fails to maintain an adequate book-keeping system or the records required under section 15.

14(4)A dealer shall not change the location of a place of business unless he holds a supplemental licence for which he may apply by submitting a written application to the Registrar together with the fee prescribed by regulation.

14(5)A dealer shall not open a satellite place of business unless he holds a special licence for which he may apply by submitting a written application to the Registrar together with the fee prescribed by regulation.