Information to be furnished regarding changes of business

(1) If any registered dealer— (a) sells or otherwise transfers or disposes of his business or any part thereof; or (b) discontinues his business or changes place of business or opens a new place of business; or (c) changes the name or nature of his business he shall within such period as may be prescribed, inform the prescribed authority accordingly. (2) Where any dealer as aforesaid dies, his successor or legal representative shall furnish the information in the like manner.