- The owner of a motor vehicle, applying for transfer of ownership of the vehicle, or to pay tax on the vehicle, or in the case of a vehicle which is exempted from payment of tax applying for exemption token, shall forward with the application, a certificate of insurance, issued in pursuance of sub-section (4) of section 147 of the Act relating to the vehicle and comply with the requirements of Chapter XI of the Act and such application shall be valid -
- if the application is made before the commencement of the period for which tax is tendered, on the first day of that period, or
- if the application is made during the period for which the tax is tendered, on the date on which the application is made :