Chartered Accountants · Kolkata · Since 2007 +91 98305 33138gaurav@ggoenka.com

Rule 23

(1) The Registering Authority may, subject to sub-rule (2), demand from any dealer a security as specified under section 26 in a sum not exceeding the limits specified in rule 24, after giving the dealer the opportunity of showing cause in writing against such demand.

(2) The Government or the Commissioner may, by notification, fix the amount of security in the case of specified categories of dealers.

Reference copy from the firm’s resource library, saved on 26 October 2026. Laws, rates and notifications change — for the current position on your matter, please talk to us. Back to the Knowledge Bank.