10. No licence shall be granted(a) if the applicant, or the association, partnership or corporation on whose behalf he applies for the licence is a prête-nom for another person, association, partnership or corporation;
(b) if the applicant or, as the case may be, the association, partnership or corporation on whose behalf he applies for the licence, has carried on one of the operations listed in section 2 and has become bankrupt in the course of the five preceding years, or has been found guilty of fraud, forgery or fraudulent operations in any contractual or commercial matter;
(c) if the applicant has been an officer, director or partner of an association, partnership or corporation which has carried on one of the activities listed in section 2 and which has become bankrupt in the course of the five preceding years, or which has been found guilty of fraud, forgery or fraudulent operations in any contractual or commercial matter;
(d) if an officer, director or partner of an association, partnership or corporation on whose behalf the licence is applied for has been an officer, director or partner of an association, partnership or corporation which has carried on one of the activities listed in section 2 and which has become bankrupt in the course of the five preceding years, or which has been found guilty of fraud, forgery or fraudulent operations in any contractual or commercial matter;
(e) if an officer, director or partner of an association, partnership or corporation on whose behalf the licence is applied for has carried on one of the activities listed in section 2 and has become bankrupt in the course of the five preceding years, or has been found guilty of fraud, forgery or fraudulent operations in any contractual or commercial matter.