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iControl doesn't but if you have CLI access you can send the SOAPLicenseClient command which the BIGIP uses underneath the hood to do the automatic licensing in the GUI..
[user@bigip1:Active:In Sync] config which SOAPLicenseClient /usr/local/bin/SOAPLicenseClient [user@bigip1:Active:In Sync] config SOAPLicenseClient
***Error: Base registration key is required for licensing.
Usage: SOAPLicenseClient --basekey <"basekey1,basekey2..."> [--addkey <"addkey1,addkey2...">] [--host ] [--port ] [--email ] [--firstname ] [--lastname ] [--company ] [--phone ] [--title ] [--address <address>] [--city <city>] [--state <state>] [--zip <zip>] [--country <country>] [--interactive] [--help] [--verbose] [--checkonly]</p> <pre class="prettyprint lang-tcl"><code>interactive Interactive mode - Information will be prompted for when needed. verbose Print out extra messages -- debug mode. help Print out this message. checkonly Retrieve the license, but do not activate. host Host name or IP address of target License Server. port Port number to communicate with the License Server. basekey Base registration key(s) used to get the product license. If there are multiple keys, separate them with commas. addkey Add-on key(s) used to get the product license. If there are multiple keys, separate them with commas. The below parameters are needed during the initial licensing, but not required for license re-activation. email User registration information - email used for verification. firstname User registration information - first name used for verification. lastname User registration information - last name used for verification. company User registration information - company name used for verification. phone User registration information - phone number used for verification. title User registration information - job title used for verification. address User registration information - address used for verification. city User registration information - city used for verification. state User registration information - state used for verification. zip User registration information - postal code used for verification. country User registration information - country used for verification. </code></pre>