(1) If the owner of a vehicle wishes to cancel the registration certificate of such vehicle due to the reasons mentioned in Section 41 of the Act, he shall submit an application in the format as per Schedule-15 to the office where such vehicle is registered.
(2) If an application is made in accordance with sub-rule (1), the office shall carry out the necessary investigation in relation to such a vehicle and if it deems it appropriate to cancel the certificate of registration according to the request of the applicant, the registration certificate shall be canceled subject to the Act and other provisions mentioned in this regulation and the vehicle shall be recorded in the registration book and the cost of such vehicle shall be deducted. will have to.