Amendment status not verified — confirm the current text below against the official source.
(/) No person carrying on business in motor spirit as a dealer Transfer of shall sell or otherwise dispose of such business or any part thereof business. except to a person possessing a certificate under this Act to carry on such business. (2) If any person carrying on any such business sells or otherwise disposes of such business or any part thereof he shall within fourteen days from the date thereof inform the prescribed authority and if any such person dies, his legal representative shall, in like manner, inform the said authority. (3) When the ownership of the business in motor spirit of a dealer is transferred absolutely by sale or otherwise, or transferred by way of lease any tax payable under this Act in respect of such business by such dealer which remains unpaid at the time of transfer shall be payable by the transferee.