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Rule 12
Cancellation of registration

(1) In accordance with sub-section (1) of section 15 of the Act, for canceling the registration of the industry, the following documents and details shall be attached and the application shall be submitted in the format as per Schedule-15:-
(a) If a liquidator has been appointed, the report regarding the liquidation of the industry submitted by such liquidator,
(b) If a liquidator is not appointed, the fair valuation report of the industry prepared by a recognized valuer, but in the case of a company having a fixed capital up to one crore rupees, the fair value report submitted by the company shall be valid.
(c) Statements or documents proving that the industry has fulfilled its obligations towards all employees, including workers, (d) Statements or documents proving that the industry has fulfilled its government obligations and other obligations,
(e) Tax payment certificate of previous financial year,
(f) Copy of industry registration certificate,
(Audit report for six previous financial years, and
). (h) Self-declaration by the concerned industry that no case is pending before any court or judicial body against the employer.
(2) If an application is received in accordance with sub-rule (1), the entity registering the claim shall order the concerned industrialist to publish a notice in a national daily newspaper to submit the claim in writing with evidence within thirty-five days if there is any kind of liability with the said claim.
(3) According to the notification published in accordance with sub-rule (2), within the prescribed period, if there is any obligation remaining after examining someone's claim, the industry registration body shall issue an order to the concerned industrialist to settle such obligation.
(4) According to the order according to sub-rule (3), if it is found that the related industrialist has spread the liability, the industry registration body shall cancel the registration of that industry within seven days and deduct the cost. (5) Notwithstanding anything written in sub-rule (4), registration of industry in accordance with sub-rule (3) until the work of development is completed in accordance with the order given by the agency or until the case is pending in any court regarding the liability to be paid by such entity, until such case is finally settled. There will be no cancellation of registration of the industry or deduction of fees.