Intermediary registration eligibility: incomplete or non compliant applications rejected; false or misleading applications barred from reapplication. SEBI will reject applications for intermediary certificates that are incomplete, non conforming to Form A or relevant regulation requirements, contain ... Summary
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
Intermediary registration eligibility: incomplete or non compliant applications rejected; false or misleading applications barred from reapplication.
SEBI will reject applications for intermediary certificates that are incomplete, non conforming to Form A or relevant regulation requirements, contain incorrect, false or misleading information, fail eligibility or fit and proper tests, or where the principal officer lacks requisite qualifications; rejections must be recorded in writing. Applicants are generally given a written opportunity to rectify deficiencies within a specified time before rejection, except where applications contain false or misleading information, in which case no cure opportunity is provided and reapplication is barred for one year.
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