Amendment status not verified — confirm the current text below against the official source.
(J) On transfer of the ownership of 4 ginning or pressing factory the transferor shall hap rp Section 3 Liability on transfer of ownership. : to the transferee the registers maintained under and the transferee shall forthwith report to the Prescribe ing with authority any default of the transferor in comply the provisions of this sub-section or in maintainip th registers in accordance with the provisions of section 3 ° (2) If default is made in handing over any register o, making any report as required by sub-section (/) the transferor or the transferee, as the case may be, shall bh, punishable with fine which may extend to two hundred and fifty rupees. Strutural require-