If any political party registered pursuant to this Chapter is divided or split and at least forty per cent of the members of the Central Executive Committee of main party make an   application, accompanied by an evidence showing the status of their membership, to the Commission for registration by the name of a separate party or for registration in
a manner that the name of the same party can be identified as a separate group, the Commission may hold necessary inquiry into the matter and register such political party as a separate party.