9. Refusal to grant licence
Where the Minister considers it to be in the public interest, the Minister may refuse to grant a licence to an eligible company applying under section 4 and in making such a determination, the Minister shall have particular regard to—
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(a) the business record and experience of the eligible company or its parent company;
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(b) the nature and sufficiency of the financial resources of the eligible company or of its parent company;
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(c) the soundness and feasibility of the plans of the eligible company for the conduct and development of the applicant's business; and
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(d) whether the eligible company will be owned and operated responsibly by persons who are fit as to character, competence and experience.