(1)A new licence shall come into effect on being granted by a licensing board, except that where there were objections at the hearing the licence shall not come into effect until—
(a)the time within which an appeal may be made has elapsed, or
(b)where an appeal has been lodged, the appeal has been abandoned or determined in favour of the applicant for the licence.
(2)A renewed licence shall come into effect on being renewed by a licensing board.
(3)A licence shall have effect in accordance with the following provisions of this section until the quarterly meeting of the licensing board three years after the meeting at which the licence was granted or renewed by a licensing board.
(4)Subject to section 13(2) of this Act, if no application is made for the renewal of a licence at the quarterly meeting mentioned in subsection (3) above, the licence shall expire on the first day of that meeting.
(5)If an application is made for the renewal of a licence, the licence in respect of which the application is made shall continue to have effect—
(a)until the application for renewal is granted by the board;
(b)if the application for renewal is refused, until the time within which an appeal may be made has elapsed or, if an appeal has been lodged, until the appeal has been abandoned or determined.