ENA Sectors 2022-09-15 10:23:27 <p><span style="font-size:14px"><strong>New Delhi, Sept 15 (KNN)</strong> The Ministry of Road Transport and Highways (MoRTH) has asked all stakeholders to submit comments and suggestions on a draft notification G.S.R 693(E) to promote ease of doing business and transparency in the sale and purchase of registered vehicles through dealers.</span></p> <p><span style="font-size:14px">The feedbacks are supposed to be submitted within a period of thirty days. </span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">The pre-owned car market in India has been gradually gaining ground. In recent years, the advent of online marketplaces, which are involved in buying and selling of pre-owned vehicles has further given a boost to this market, said MoRTH.</span></p> <p><span style="font-size:14px">The Ministry aims to address the many issues being faced viz. during transfer of vehicle to subsequent transferee, disputes in regard to third party damage liabilities, difficulty in determination of defaulter etc.</span></p> <p><span style="font-size:14px">MoRTH has proposed amendments in Chapter III of Central Motor Vehicle Rules, 1989 to build a comprehensive regulatory ecosystem for the pre-owned car market.</span></p> <p><span style="font-size:14px">The key provisions of the proposed rules includes an authorization certificate for the dealers of registered vehicles has been introduced to identify the authenticity of a dealer.</span></p> <p><span style="font-size:14px">Furthermore, the procedure for intimation of delivery of vehicle between the registered owner and the dealer has been detailed.</span></p> <p><span style="font-size:14px">The powers and responsibilities of a dealer in possession of registered vehicles have also been clarified.</span></p> <p><span style="font-size:14px">Dealers have been empowered to apply for renewal of registration certificate/ renewal of certificate of fitness, duplicate registration certificate, NOC, transfer of ownership, of motor vehicles in their possession.</span></p> <p><span style="font-size:14px">As a regulatory measure, maintenance of an electronic vehicle trip register has been mandated which would contain details of the trip undertaken viz. trip purpose, driver, time, mileage etc.</span></p> <p><span style="font-size:14px">These rules are expected to aid in recognizing and empowering intermediaries / dealers of registered vehicles as well as provide adequate safeguards against fraudulent activities to the selling or purchasing of such vehicles. <em><strong>(KNN Bureau)</strong></em></span></p> 30548 https://knnindia.co.in/news/newsdetails/sectors/transport-ministry-puts-draft-policy-on-sale-purchase-of-registered-vehicles-in-public-domain-for-comments 2022-09-15 10:23:27 knnindia.co.in