(1) The registration certificate shall be non-transferable.
(2) If any employer transfers his establishment to any other person, he shall, within 14 days of such transfer, notify the fact of transfer with all the particulars required in Form 1 in respect of the transferee signed by himself and surrender the certificate of registration to the Inspecting Officer who, after satisfying himself about the correctness of the claim, issue a fresh certificate of registration in Form III to be transferee, and make an entry in the Register of Establishments accordingly.
(3) Every such notice shall be accompanied by a treasury challan or a crossed Indian Postal Order drawn in favour of the Chief Inspecting Officer showing payment of fees according to the scale of fees for the registration of an establishment as prescribed in rule 3 or five rupees, whichever is less.