According to the Occupational Safety, Health and Working Conditions Code, 2020, how long is the license issued for the employment of contract labor under Code 48 (3) of the  Occupational Safety, Health and Working Conditions Code, 2020?

As per Code 48- (3) Subject to the provisions of section 119, the licence issued for the purposes of sub-section (1) of section 47 shall be valid for a period of five years in respect of the number of contract labour specified therein and in case the contractor wants to increase the number of the contract labour, he shall apply in the prescribed manner for the amendment to the licence for such purpose to the authority referred to in sub-section (1) of section119 and if the licence is so amended, the number of contract labour shall be increased to such extent by depositing such security deposit as specified in the amended licence for the balance period.