Motor Vehicles Act, 1988 — Sections 2(30), 50, 177 — Liability of Registered Owner — Transfer of vehicle — Accident — In case vehicle is sold outside State, period within which transfer ought to be reported gets extended — Transferee is also obliged to report transfer to registering authority within whose jurisdiction transferee has residence or place of business where vehicle is normally kept — Timelines and obligations are only to facilitate reporting of transfer — It is not as if that if an accident occurs within period prescribed for reporting said transfer, transferor is absolved of liability — For purposes of fixing such liability concept of ownership has to be understood in terms of specific definition of ‘owner’ as defined in Section 2(30) of Act — Even though in law there would be transfer of ownership of vehicle, that, by itself, would not absolve party, in whose name vehicle stands in RTO records, from liability to third person — High Court was right in holding that appellant continued to be owner in terms of definition as incorporated in Section 2(30) of Act.