Section 31C Copyright Act 1957 (inserted 2012) is a STATUTORY LICENCE for COVER VERSIONS of sound recordings. The licensee:

1. Section 31C Copyright Act 1957 (inserted 2012) provides a STATUTORY LICENCE for making COVER VERSIONS — sound recordings in respect of literary, dramatic, musical works. 2. Conditions: (i) prior notice in prescribed manner; (ii) provide copies of relevant work to copyright owner; (iii) pay royalty in advance for a minimum of 50,000 copies of each work during each calendar year; (iv) no alteration of literary or musical work that has not been previously made by or with the consent of the owner; (v) sound recording made cannot be made before the expiration of FIVE CALENDAR YEARS from the end of the year in which the first sound recording of the work was made. 3. Provides statutory mechanism for cover versions without negotiation. 4. Hence option B is correct. _Source: Patents Act 1970 / Copyright Act 1957 / Trade Marks Act 1999 — Copyright Act 1957, Section 31C (inserted by 2012 Amendment)_