Issues / Concerns:
a. Cancellation of registration from an earlier date: If cancellation of registration is permitted from anterior (earlier) date, it would lead to disruption of whole credit chain and difficulties will be faced by persons who have already availed credit.
b. Commencement of business: In some cases, persons who have obtained voluntary registration may not be able to commence business within 6 months for want of clearance of registration norms. permissions and requirements etc. from other laws. Cancellation of such registrations without having considered the facts of the case would be unfai