¹[4C. (1) The Government may by notification in the official Gazette, constitute a Licensing Authority to grant licenses and to regulate the licensed Mailing Operators and Courier Services. (2) The Authority mentioned in sub-section (1) shall consist of three members of whom one shall be appointed as chairman by the Government. (3) The Government may, by rule,- (a) provide conditions for granting license and operating the business of mailing services by such Licensed Mailing Operator and Courier Services; (b) fix appropriate license fees and other charges and commissions for operating the Mailing services and Courier services; (c) reserve certain rights and fix jurisdiction and areas for service and may also charge compensatory fees to cover the Government’s cost of postal service coverage ; and (d) keep provisions regarding standards, restrictions, rewards, dispute settlement, penalties for non-compliance and punishment for default and violation of the rules made under this Act by the Licensed Mailing Operators and Courier Services.]