The Central Motor Vehicles Rules,1989
Section 35. Grant or renewal of trade certificate
(1) On receipt of an application for the grant or renewal of a trade certificate in respect of a vehicle, the registering authority may, if satisfied that the applicant is a bona fide dealer and requires the certificates specified in the application, issue to the applicant one or more certificates, as the case may be, in Form 17 1[within thirty days from the date of receipt of such an application] and shall assign in respect of each certificate a trade registration mark consisting of the registration mark referred to in the notification made under sub-section (6) of section 41 and followed by two letters and a number containing not more than three digits for each vehicle, for example:-
AB Represent State Code.
12 Registration District Code.
TCI Trade certificate number for the vehicle.
(2) No application for trade certificate shall be refused by the registering authority unless the applicant is given an opportunity of being heard and reasons for such refusal are given in writing.
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1. Inserted by G.S.R. 589(E), dated 16-9-2005 (w.e.f. 16-10-2005).