(1) The Board may approve an application for an amendment of a licence, if a licensee satisfies the prescribed requirements under section 52(2) or under any other enactment.
(2) Where the Board approves an application under subsection (1), the Board shall give written notice, within 7 business days, to the licensee of its approval.
(3) The conditions under which a licence is granted under sections 49 continue to apply with respect to the amended licence and the Board may impose additional conditions on an amended licence.
(4) The Board shall issue an amended licence to the licensee on payment of the prescribed non-refundable application for amendment of licence fee.
(5) Sections 59, 60, 61 and 62 with respect to the suspension, revocation, surrender and reinstatement of a licence applies to an amended licence.