Amendment status not verified — confirm the current text below against the official source.
(1) A dealer registered under section 5 shall be granted a certificate of registration in such form as may be prescribed Provided that Commissioner may for good and sufficient reason to be recorded in writing demand from a dealer who has been registered or a person who has applied for registration under section 5 (2) or a person who has been required to get himself registered under section 5 (4), reasonable security for proper payment of the tax. Provided further that such dealer, firm or person shall be given an opportunity to present his or their case to the Commissioner before any amount is realized as security. (2) The Commissioner may, on petition or otherwise, cancel at any time any certificate of registration if he is satisfied that: (a) the business in respect of which the certificate was issued has been discontinued or transferred, or (b) the liability to pay tax in respect of such business has ceased under this Act Returns