Rule 19
Alteration (change) In Ownership To Be Informed
19. Alteration (change) in ownership to be informed :
(1) In the situation pursuant to Section 22 of the Act, the ownership of any person mentioned in the details related to the ownership submitted pursuant to Rule 6 has been transferred in other person by any reason, then the person receiving such ownership shall give the information relating to it, to the office.
(2) After receiving the information pursuant to Sub-rule (1), and upon making the required inquiry by the registrar if, there has not seen any obstacle (problem) to make the ownership registration in the name of the person submitting such information then the registrar shall mention the name of the concerned person in the ownership folio of the main registration book and the certificate of registration.