23. Cancellation of Registration:-

(1) Every registered dealer who either discontinues his business or sells his business shall submit an application in writing together with a final return along with his registration certificate to the Registering Authority to cancel the registration and such an application shall be made within three months of such an event.

(2) Where a registered dealer carrying on business as an individual enters in a partnership, he shall inform the Registering Authority in writing alongwith a final return within 30 days of his entering into such partnership requesting for cancellation of his registration and make an application for fresh registration of the partnership.

(3) Where a registered dealer dies, his legal heirs shall submit an application in writing alongwith a final return, for the cancellation of registration within 30 days from the date of his death.