(1) It shall be mandatory for every Stockist and Retailer to obtain a licence for running its operations in such form, as may be prescribed.
(2) The application for the Licence shall be submitted in such Form and which shall be considered in such manner as may be prescribed.
(3) The grant of a Stockist and Retailer Licence shall not grant an automatic right to commence operations and the Licencee shall be bound to separately obtain all mandatory permissions and clearances as required under any other law for the time being in force.
(4) The Government may, from time to time, notify the fee to be charged for issuance of a Stockist and Retailer Licence.
(5) The Government may, from time to time, notify the Annual Licence Fee to be charged for continuation of a Stockist and Retailer Licence.
(6) The Government may, from time to time, notify the late fee to be charged for continuation of a Stockist and Retailer Licence for which the Annual Licence Fee had not been paid in time.
(7) Stockist and Retailer Licence shall be non-transferable in case of Sole Proprietorship and firms.
(8) The Stockist and Retailer Licence Number (SRLN) shall be unique. The Stockist and Retailer Licence Number shall remain unchanged even if there is a change in the ownership of the Stockist and Retailer.
Stockist and Retailer License.
PUNJAB GOVT. GAZ.(EXTRA), APRIL 24, 2025 (VYSK 4, 1947 SAKA) 24
(9) A new owner of the Stockist and Retailer shall inherit all Government Dues payable by such Stockist and Retailer.
(10) The Department shall endeavour to put in place a seamless online portal for Licensing of Stockists and Retailers.
(11) The validity of any Stockist and Retailer Licence shall expire upon the end of a Calendar Year i.e. on 31st December.
(12) A period of three months, from the date of coming into force of this Act, shall be granted to every Stockist and Retailer to bring its operations in conformity with the provisions of this Act before any penal proceedings under this Act are initiated against it.