Amendment status not verified — confirm the current text below against the official source.
Substituted for the figures “1939” vide H.P. Act No. 8 of 1991. 16 THE HIMACHAL PRADESH PASSENGERS AND GOODS TAXATION ACT, 1955 1[ XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX] (5) If an owner, who has been granted a certificate of registration under sub-section (1) transfers, discontinues or closes his business, he shall 2[either manually or electronically] inform the prescribed authority within thirty days of his doing so, and the said authority shall cancel the registration certificate from the date of transfer, discontinuance or closing down of the business. (6) (i) On the death of an owner any person claiming to be the legal representative of the deceased shall 3[either manually or electronically] inform the prescribed authority of this fact within a period of thirty days. (ii) The prescribed authority shall thereupon transfer the certificate in the name of the applicant. (7) When any owner transfers any motor vehicle, the transferee shall be liable to pay 4[tax, surcharge] and penalty, if any, remaining unpaid by the transferer up to the date of transfer as if he was the registered owner, and the transferee shall not ply the said motor vehicle without getting himself registered or getting his registration certificate amended, if he is already registered. 5[9-A. Owner to furnish security.- (1) Where it appears to the Assessing Authority necessary so to do, for the proper realisation of the tax or surcharge levied under this Act, it may, after giving an opportunity of being heard require any owner to furnish security of an amount not exceeding twenty thousand rupees in the manner prescribed. (2) Where the security furnished by an owner under sub-section (1) is in the form of surety bond and the surety becomes insolvent or is otherwise incapacitated or dies or withdraws, the owner shall, within fifteen days of the occurrence of any of the aforesaid events, inform the Assessing Authority and shall within thirty days of such occurrence furnish a fresh surety bond. (3) The Assessing Authority may, by an order in writing for good and sufficient cause and after giving the owner a reasonable opportunity of being heard, forfeit the whole or any part of the security furnished by the owner for realising any amount of tax or penalty payable by him under this Act. (4) Where by reason of an order under sub-section (3), the security furnished by any owner is rendered insufficient, he shall make up the deficiency in such manner and within such time as may be prescribed. (5) The Assessing Authority may, on application by an owner, release