Amendment status not verified — confirm the current text below against the official source.
W hen the Ownershi i i ed fe . rship of the ster business. ‘4 dealer is transferred, P business ofa eee cet any tax payable in respect of his business in forward contracts remaining unpaid at the time of the transfer shall be payable by the transferee as if he pace the repistered dealer. The transferee shall be liable in my | as fom the date of transfer and he shall, within 7 The transfe tansfer, apply for tegistration under section 6. until the a spl shall be competent to carry on the business have res pplication is disposed of, and the registration shall e!rospective effect from the date of transfer. of 1951] THE PUNJAB FORWARD CONTRACTS — TAX 7 AcT, 1951