Page 54 - The Motor Vehicles Act, 1988

40 THE MOTOR VEHICLES ACT, 1988 SECTION 51

(7) Within seven days of the receipt of an application under sub-section (6), the
financier may issue, or refuse, for reasons which shall be recorded in writing
communicate to the applicant, to issue, the certificate applied for, and where the financier
fails to issue the certificate and also fails to communicate the reasons for refusal to issue
the certificate to the applicant within the said period of seven days, the certificate applied
for shall be deemed to have been issued by the financier.
(8) The registered owner shall, while applying to the appropriate authority for the
renewal of any permit under section 81, or for the issue of a duplicate certificate of
registration under sub-section (14) of section 41, or while applying for assignment of a
new registration mark under section 47, submit with such application the certificate, if
any, obtained under sub-section (7) or, where no such certificate has been obtained, the
communication received from the financier under that sub-section, or, as the case may
be, a declaration that he has not received any communication from the financier within
the period of seven days specified in that sub-section.
(9) On receipt of an application for the renewal of any permit or for the issue of
duplicate certificate of registration or for assignment of a new registration mark in respect
of a vehicle which is held under the said agreement, the appropriate authority may,
subject to the other provisions of this Act—
(a) in a case where the financier has refused to issue the certificate applied for
after giving the applicant an opportunity of being heard, either—
(i) renew or refuse to renew the permit, or
(ii) issue or refuse to issue the duplicate certificate of registration, or
(iii) assign or refuse to assign a new registration mark;
(b) in any other case—
(i) renew the permit, or
(ii) issue duplicate certificate of registration, or
(iii) assign a new registration mark.
(10) A registering authority making an entry in the certificate of registration
regarding—
(a) hire-purchase, lease or hypothecation agreement of a motor vehicle, or
(b) the cancellation under sub-section (3) of an entry, or
(c) recording transfer of ownership of motor vehicle, or
(d) any alteration in a motor vehicle, or
(e) suspension or cancellation of registration of a motor vehicle, or
(f) change of address,
1
shall communicate [by registered post acknowledgement due] to the financier that
such entry has been made.

1 Inserted by Act 54 of 1994, w.e.f. 14-11-1994.