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(1) No person shall carry on business of supplying restricted drugs by wholesale unless he has a licence issued to him in accordance with this section.

(2) Where an application is made for a licence in the prescribed form to carry on a business of supplying restricted drugs by wholesale, and the Council is satisfied that the applicant qualifies for the licence, the Council may on payment of the prescribed fee by the applicant, grant the licence.

(3) A licence granted under this section may include a condition prohibiting or limiting the supplying of restricted drugs of a particular description.

(4) The Council may revoke a licence if it is satisfied that the licence holder has contravened a provision of this Act or a condition specified in the licence has ceased to exist for the carrying on of the business of supplying restricted drugs by wholesale.