(1) The owner, lessee or occupier of any race-course may apply to the Government for a licence for horse-racing on such race-course,
(2) The Government may refuse to grant the licence or grant it subject to such conditions, and for such period, as it may think fit.
(3) In particular and without prejudice to the generality of the foregoing power, such conditions may provide for
(a) the payment of a licence fee;
(b) the amount of stakes which may be allotted for different kinds of horses;
(c) the measures to be taken for the training of persons to become jockeys;
(d) the measures to be taken to encourage Indian bred horses and Indian jockeys;
(e) the inclusion or association of such persons as the Government may nominate as sterwards or members in the conduct and management of horse-racing;
(f) the utilisation of the amount collected by the licence in the conduct and management of horse-racing;
(g) such other matters connected with horse-racing and the maintenance of the race-course for which, in the opinion of the Government, it is necessary or expedient to make provisions in the licence.
(4) The Government may, by such licence, authorise the licensee to grant, subject to such conditions as may be specified by the Government in such licence, a permit to a book-maker for such period, not exceeding the period of the licence granted to the licensee as the licensee may think fit.
(5) The Government may, at any time, suspend, cancel or modify any of the conditions specified in any licence or permit.
(6) The Government may, in the event of breach of any of the conditions of a licence, suspend or cancel the licence.
(7) The grant, suspension or cancellation of any licence shall be published in the Official Gazette.