Amendment status not verified — confirm the current text below against the official source.
(1) where the business of a dealer registered under the Act, transfers his businesses by sale, gift request. inheritance or otherwise or is transferred by way of case and the transferee or the lessee carries or is such business, either in its old name or in some other name, the transferee or the lessee shall for all purposes of this Act, (except for liabilities under this Act already discharged, by such dealer) he deemed to be and to have always been registered (in the case of lease for so lease as the lease subsists) as if the certificate of registration of such dealer and initially be to granted to the transferee or the lease and the transferee or the lessee shall be entitled to apply within 30days for the amendment of the certificate of registration accordingly. (2) Where the business of a dealer not registered under this Act is transferred but any of the mode registered to in sub-section (1) the transferee or lessee as the case may be whether he is a registered dealer or not, shall be liable to pay any tax interest, penalty or other sum payable by the transferor which remains unpaid as the date of such transfer (except liabilities under this Act already discharged by the transferor) and the provisions of this Act may, as possible apply accordingly. (3) In a case to which the provisions of sub-section (1) section (2) apply, the transferor shall also jointly and severally, be liable to pay tax interest, penalty or other sum if any, payable for the period upto the date of such transfer whether such tax interest, penalty or other sum has been assessed before or after such transfer. Legal Representative of Deceased Person.