(1) A person may, within the prescribed time and in the prescribed manner, give the Registrar written notice of his or her desire to object to the issue of a licence to the applicant.
(2) No objection may be made under subsection (1) except on 1 or more of the following grounds:
(a) that the applicant is not eligible to obtain a licence by virtue of section 36 or 37:
(b) if the applicant is a company, that any person who will be an officer of the company if the application is granted is not, by reason of his or her personal character or financial position, a proper person to be an officer of a licensee company.
(3) The notice of objection must include a statement of the grounds relied on and any prescribed matters.
(4) The Registrar must send a copy of the notice to the applicant.
Compare: 1976 No 9 s 20(2)–(5)