11-D. Manner of determining royalties –
The Copyright Board shall determine the royalties payable to the owner of the copyright under sub-section (7) of Section 31-A, clause (i) of sub-section (4) of Section 32 and clause (i) of sub-section (4) of Section 32-A after taking consideration:
(a) The proposed retail price of a copy of such work;
(b) The prevailing standards of royalties in regard to such works; and
(c) Such other matters as may be considered relevant by the Copyright Board.