(a) General rule.--After the revocation of any license or registration, no new license or registration may be requested by or issued to the same licensee or registrant within a period of at least five years from the date of the revocation nor, except in the sole discretion of the board and subject to the conditions of this act, at any time thereafter.

(b) Criminal conduct.--No license or registration shall be issued by the board to any person known by it to have been, within five years, convicted of forgery, embezzlement, obtaining money under false pretenses, extortion, criminal conspiracy to defraud or other like offense, or to any copartnership of which any person is a member or to any association, corporation, limited liability company or other entity of which any person is an officer or employee or in which as a stockholder any person has or exercises a controlling interest either directly or indirectly.