What are the consequences if registration is not granted with in 7 days of the application? Is there any difference if application has been made for Centralised registration?

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Full Text of the Document

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....rification of the application form, grant a certificate of registration in Form ST-2 within seven days from the date of receipt of the application. If the registration certificate is not granted within the said period, the registration applied for shall be deemed to have been granted. In the case of KaramChand Thaper & Bros. [2009 (7) TMI 715 - CALCUTTA HIGH COURT] it was held that the deeming pr....