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<h1>Cancellation of registered person's registration u/s 8(3): Rule 7 requires reasoned written order and hearing first.</h1> Rule 7 prescribes the procedure for cancellation of a registered person's registration under section 8(3) by requiring the proper officer to cancel registration only in the circumstances specified in section 8(3) through a written order that specifies the relevant circumstances and only after granting the registered person a reasonable opportunity of being heard, thereby conditioning cancellation on a reasoned order and compliance with audi alteram partem.