AdvocateKhoj
Login : Advocate | Client
Home Post Your Case My Account Law College Law Library
    

Motor Vehicles Act, 1988


51. Special provisions regarding motor vehicle subject to hire- purchase agreement, etc.

  1. Where an application for registration of a motor  vehicle  which  is  held  under  a  hire-purchase,  lease  or hypothecation agreement  (hereafter in this section referred to as the said agreement) is made, the registering authority shall make an entry in the certificate of registration regarding the existence of the said agreement.

  2. Where  the ownership  of any  motor vehicle  registered under this Chapter  is transferred  and the  transferee enters into the said agreement with  any  person, the original registering authority shall, on receipt  of an  application in  such form as the Central Government may prescribe from the parties to the said agreement, make an entry as to  the  existence  of  the  said  agreement  in  the  certificate  of registration.

  3. Any  entry made under sub-section (1) or sub-section (2), may be cancelled  by the  original registering  authority on  proof of the termination of  the said  agreement by  the parties  concerned  on  an application being  made in  such form  as the  Central Government  may prescribe.

  4. No  entry regarding  the transfer  of ownership  of any motor vehicle which  is held  under the  said agreement shall be made in the certificate of  registration except  with the  written consent  of the person  whose   name  has   been  specified   in  the  certificate  of registration as  the person with whom the registered owner has entered into the said agreement.

  5. Where  the person  whose  name  has  been  specified  in  the certificate of  registration as  the person  with whom  the registered owner has  entered into  the said agreement, satisfies the registering authority that  he has  taken possession  of the  vehicle owing to the default of  the registered  owner under  the provisions  of  the  said agreement and  that  the  registered  owner  refuses  to  deliver  the certificate of  registration or  has absconded,  such  authority  may, after  giving  the  registered  owner  an  opportunity  to  make  such representation as  he may  wish to make (by sending to him a notice by registered post  acknowledgement due  at his  address entered  in  the certificate of  registration) and notwithstanding that the certificate of registration  is not produced before it, cancel the certificate and issue a fresh  certificate of  registration in  the name  of the person with whom the registered owner has entered into the said agreement:

Provided that a fresh certificate of registration shall not be issued in respect of a motor vehicle, unless such person pays the prescribed fee:

Provided further that a fresh certificate of registration issued in respect of a motor vehicle, other than a transport vehicle, shall be valid only for the remaining period for which the certificate cancelled under this sub-section would have been in force.

  1. The   registered  owner   shall,  before   applying  to  the appropriate authority, for the renewal of a permit under section 81 or for the  issue of  duplicate certificate  of registration  under  sub- section  (14)   of section  41,  or  for  the  assignment  of  a  new registration mark  under section 47 make an application to the person with whom  the registered  owner has  entered into  the said agreement (such person  being hereafter  in this  section  referred  to  as  the financier) for  the issue  of a no objection certificate (hereafter in this section referred to as the certificate).

Explanation.--For the  purposes  of  this  sub-section  and  sub- sections (8)  and (9),  "appropriate authority"  in  relation  to  any permit means  the authority  which is  authorized by this Act to renew such permit  and, in  relation to  registration, means  the  authority which is  authorized by  this Act  to issue  duplicate certificate  of registration or to assign a new registration mark.

  1. 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 and  communicated 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.

  2. 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.

  3. 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,--

  1. In a case where the financier has refused to issue the certificate applied   for, after   giving the   applicant   an opportunity of being heard, either--

  1. Renew or refuse to renew the permit, or

  2. Issue or refuse to issue the duplicate certificate of registration, or

  3. Assign or refuse to assign a new registration mark;

  1. In any other case,--

  1. Renew the permit, or

  2. Issue duplicate certificate of registration, or

  3. Assign a new registration mark.

  1. A registering authority making an entry in the certificate of registration regarding--

  1. hire-purchase, lease or hypothecation agreement of a motor vehicle, or

  2. The cancellation under sub-section (3) of an entry, or

  3. Recording transfer of ownership of motor vehicle, or

  4. Any alteration in a motor vehicle, or

  5. Suspension or cancellation of registration of a motor vehicle, or

  6. Change of address, shall communicate to the financier that such entry has been made.

  1. A registering authority issuing a duplicate certificate of registration shall intimate the financier of such issue.



Motor Vehicles Act, 1988 Back




Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered by nubia  |  driven by neosys