Mmeans all gross income received or receivable which is commission, brokerage fees or other earnings arising from the Licence Holder’s business activities, whether those activities are licensed under the Act or not, for the last accounting year or on the basis of the business plan agreed with the competent authority in respect of the relevant year or period. Provided that income received or receivable in the form of interest, whether in respect of bank deposits or bonds and dividends does not form part of ‘Relevant Income’.
