(1) The Registrar shall not determine under subsection (1) of section 26 of this Act that an applicant for a licence (other than a company) is a proper person to be the holder of the licence unless the Registrar is satisfied, by the production to him of sufficient evidence that the personal character, fitness, and financial position of the applicant is such that, having regard to the interests of the public, the applicant is a proper person to be the holder of the licence.
(2) The Registrar shall not determine under subsection (1) of section 26 of this Act that any company that is an applicant for a licence is a proper person to be the holder of the licence unless the Registrar is satisfied, by the production to him of sufficient evidence, that—
(a) The financial position of the company; and
(b) The personal character and fitness of every officer of the company; and
(c) The nature of all business that the company carries on or proposes to carry on (other than the business to which the application relates)—
are such that, having regard to the interests of the public, the company is a proper person to be the holder of the licence.
(2A) The Registrar shall not determine under subsection (1) of section 26 of this Act that the applicant is a proper person to be the holder of a security guard's licence in respect of any class of the business of a security guard specified in section 4 of this Act unless the Registrar is satisfied as to the matters specified in subsection (1) or subsection (2) of this section, as the case requires, so far as they relate to that class of business.
(3) Nothing in this section shall limit the discretion of the Registrar to refuse to grant an application for a licence if he is not satisfied that the applicant is a proper person to be the holder of the licence.
Subsection (2A) was inserted, as from 18 October 1978, by section 8 Private Investigators and Security Guards Amendment Act 1978.