5. Registration of Dealers.
(1) Every dealer in scheduled goods who is liable to be registered under the Sales Tax Act shall get himself registered under this Act, in such manner and within such period as may be prescribed.
(2) The registration under sub-section (1) shall be made in such manner and for such period as may be prescribed :
PROVIDED that the dealers already registered under the Sales Tax Act shall be deemed to be registered under this Act without furnishing any security under this Act on submission of an application in the prescribed manner.