12.—(1) Where a certificate of registration granted by the Board under section 16 of the Act has been lost, destroyed or defaced or becomes obliterated so that any particulars in such certificate is illegible, the holder thereof shall forthwith notify the Registrar.
(2) Subject to paragraphs (4) and (5), the Registrar shall, on payment of the fee specified in the First Schedule, if he is satisfied that a certificate of registration has been lost, destroyed or defaced or become 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 become 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 $1,000.