Explanation:

The imposition of license fees or requirement of license is a restriction on the freedom guaranteed by Article 19(1) (g).

• Article 19(1)(g) of the Constitution guarantees the citizens of India a right to carry on any occupation, trade or business. The petitioners were entitled to the full enjoyment of this freedom, which however the Legislature could curtail provided the restrictions or limitations imposed satisfied the requirements of Article 19(6). This latter provision sets out two conditions as prerequisite for the validity of any law imposing restrictions ; (a) the restriction must be in the interests of general public and (b) the restriction must be reasonable. The licensing provisions in the present case do not satisfy either of the two conditions. Any restriction imposed on the right to carry on such trade was unreasonable and was obnoxious to the freedom guaranteed by Article 19(1)(g) as the same was not covered by Article 19(6) and was therefore unconstitutional. 

Hence option 2nd is correct.