26 Local ownership requirement Publication of rules relating to type or category of licence Application for a licence Communications No. 34 35. An electronic communications licensee shall maintain a local shareholding of at least twenty per cent. 36.__(1) The Authority shall publish in the Gazette and any other media, rules relating to each type or category of licence that may be issued under this Act. (2) where a type or category of a licence is not provided for in the rules, the Authority shall, within a reasonable time, adopt provisional conditions allowing a person to start providing an electronic communications service, refuse the licence application, or exempt the person from the requirement of obtaining the licence. 37.__(1) A person who wishes to provide electronic communications services shall apply to the Authority for a licence in the prescribed manner. (2) The Authority may, within thirty days of receiving the application, request further details or information in respect of the application. (3) The Authority shall, within sixty days of receiving an application, grant or reject the application for a licence. grant of a licence through a restricted procedure Issue of a licence general licence conditions (4) The Authority shall, where an application for a licence is rejected, inform the applicant accordingly in writing, giving reasons why the application was rejected. 38.__(1) The Authority shall, where the operation of an electronic communications services requires the allocation of scarce resources, grant a licence through a restricted procedure in accordance with this Act. (2) where the Authority considers that the granting of a licence should be subject to a restricted procedure, the choice of the successful applicant shall be based, as far as reasonably possible, on objective criteria made known to all applicants in advance. 39. The Authority shall issue a licence under this Act if__ (a) the application complies with the provision of this Act; and (b) the applicant is financially and technically capable of meeting his obligations and the terms and conditions of the licence. 40.__(1) A licence issued by the Authority shall__ (a) be issued on payment by the applicant of the appropriate initial licence fees;