13.—(1) Subject to the provisions of this Act, the Authority may grant to any company a licence to operate any rapid transit system specified therein for such period as may be specified in the licence.
(2) Every licensee is authorised under this Act to operate any rapid transit system for the period specified in the licence unless the licence is earlier revoked, cancelled or suspended under the provisions of this Act.
(3) The fee for a licence to operate any rapid transit system is such amount as may be prescribed.
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