§ `(1) The relevant authority may, on an application duly made in accordance with section (Applications for authorisation) above and after being furnished with all such information as it may require under that section, grant or refuse the application.
§ (2) The relevant authority shall grant the application if it appears to it from the information furnished by the applicant and having regard to such other information, if any, as it may have—
- (a) that the applicant is a fit and proper person to act as an insolvency practitioner; and
- (b) that the applicant meets the prescribed requirements with respect to education and practical training and experience.
§ (3) An authorisation shall, unless previously withdrawn, continue in force for such period not exceeding the prescribed maximum as may be specified in the authorisation.
§ (4) An authorisation granted under this section may be withdrawn by the relevant authority if it appears to it—
§ (a) that the holder of the authorisation is no longer a fit and proper person to act as an insolvency practitioner; or