10.—(1) Where a certificate of registration issued by the Council under section 22 of the Act has been lost, destroyed, defaced or obliterated such that any particulars in the certificate are illegible, the holder thereof shall immediately apply to the Registrar for a duplicate of the certificate of registration.
(2) Subject to paragraphs (4) and (5), the Registrar shall, on payment of the appropriate fee specified in the Third Schedule, if he is satisfied that a certificate of registration has been lost, destroyed, defaced or obliterated, issue a duplicate of such certificate to the holder of the original thereof.
(3) A duplicate of a certificate of registration shall have the same effect as the original.
(4) In the case of a certificate of registration which has been defaced or obliterated, no duplicate of such certificate shall be issued unless the original certificate is returned to the Registrar.
(5) In the case of a certificate of registration which has been lost or destroyed, no duplicate of such certificate shall be issued unless the holder thereof makes a statutory declaration of the loss or destruction and furnishes it to the Registrar.
(6) Where any original certificate of registration is found after any duplicate thereof is issued under this regulation, the holder of the certificate shall immediately return the duplicate to the Registrar for cancellation.
(7) Any person who fails to comply with paragraph (6) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000.