(1) On receipt of an application under rule 34, the Director General may grant a licence or, if he is satisfied that the licence asked for should not be granted, may, for reasons to be recorded, refuse to grant a licence.
(2) Every licence granted under sub-rule (1) shall be in Form VIII and be subject to the following conditions, namely:-
(a) the licence shall not be transferable;
(b) it shall be valid for the period specified therein; and
(c) any other condition relating to the manner of carrying out the mining operation or the construction which the Director-General may specify in the licence for ensuring the safety and appearance of, and the maintenance of the approach and access to, the protected monument.