Question
Under the Motor Vehicles Act, a driving licence can be
renewed by the licensing authority with effect from the date of its expiry. However, in cases where the application for renewal is made, what is the timeframe within which the licence shall be renewed with effect from the date of its renewal?Solution
Section 15.  Renewal of driving licences: (1) Any licensing authority may, on application made to it, renew a driving licence issued under the provisions of this Act with effect from the date of its expiry: Provided that in any case where the application for the renewal of a licence is made either one year prior to date of its expiry or within one year after the date of its expiry, the driving licence shall be renewed with effect from the date of its renewal.
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I. Marginal cost
II. Fixed cost
III. Average cost