Not more than five days after completion of the application form provided in Section 737.03, the Mayor shall issue a certificate of registration to the applicant unless he has determined:
(a) That the applicant has made a false, misleading or deceptive statement in providing the information required under Section 737.03.
(b) That the applicant has been convicted of a felony violation or misdemeanor violation involving moral turpitude during the past five years.
Such registration shall be valid for a period of ninety days. No registration certificate issued hereunder shall be assigned or transferred to any other person.