(1) When an application for registration is submitted to the Central Government through the Registrar of Copyrights, that Government may, within sixty days from the date of its receipt by the Registrar of Copyrights either register the applicant as a copyright society or, if —
(i) the applicant has no professional competence to carry on its business or has not sufficient funds to manage its affairs; or
(ii) there exists another copyright society registered under the Act for administering the same class of works and it is functioning well; or
(iii) the Central Government has reason to believe that the members of the applicant are not bona fide copyright owners or they have not voluntarily signed the instrument setting up the applicant and the application for registration ; or
(iv) the application is found to be incomplete in any respect, reject the application :
Provided that no such application shall be rejected without giving the applicant an opportunity of being heard.
(2) Upon the registration of a copyright society by the Central Government, the Registrar of Copyrights shall issue a certificate of registration in Form II-D under his hand and seal.
(3) On and from the date of its registration as specified in the certificate of registration, the copyright society shall be entitled to commence and carry on the permitted copyright business in the name by which it has been so registered.