Certificate of Registration

(1) A dealer register under section 9 or section 10 shall be granted a certificate of registration in such form as may be prescribed, which shall specify the class or classes of goods in which at the time of the grant of the said certificate the dealer carries on business and such other particulars as may be prescribed; (2) The Commissioner may, on petition or otherwise, cancel or amend from time to time any certificate or registration; Provided that no action under this sub-section shall be taken unless the Commissioner has given notice to the dealer of his intention so to do and has allowed him a reasonable opportunity of being heard. (3) The Commissioner shall cancel the certificate of registration when - (a) the business in respect of which the certificate was issued has been discontinued or transferred; or (b) the liability to pay tax in respect of such business has ceased under this Act; (4) The Commissioner or any officer authorized by him in writing in this behalf, if it appears to him to be necessary so to do for the proper realization of the tax levied under this Act, may impose for reasons to be recorded in writing as a condition of the issue of a registration certificate to a dealer or of the continuance, in effect, of such a certificate issued to any dealer, a requirement that the dealer, shall give security upto an amount and in the manner approved by the Commissioner for the payment of the tax for which he may be or become liable under this Act.