15. Subject to the provisions of section 30 from and after the appointed date:
(a) any body corporate which is carrying on or intends to carryon the business of operating a stock exchange; or |
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(b) any person who is carrying on or who intends to carry on the business of a stock broker or, of a stock dealer, |
| shall make an application in the prescribed form together with the prescribed fee to the Council, for the grant of a licence as a stock exchange or as a stockbroker or stock dealer, as the case may be. |