(i) The authorised officer shall have the authority to issue a duplicate licence or duplicate certificate of registration, on an application made in Form- V by the licensee or the owner of the vessel, as the case may be,' after duly verifying the facts and documentary evidence, if any and satisfying himself as to the' genuineness of the app li cati on. Duplicate licence or duplicate 'certificate of registration shall be issued on payment of a fee of Rs. 50 (Rupees fifty only) in each case.
(ii) A licence granted under the Act shall be valid for a period of three years from the date of issue of the licence.
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