Certificate of initial registration: conditions and ongoing compliance required for participants under the regulations.

Grant of certificate of initial registration follows Board satisfaction of eligibility and issuance in Form F, and is subject to conditions including timely payment of the registration fee, compliance with the Act and Depositories Act, the sponsoring depository's certificate of commencement, prior Board approval for change in control, notification of material falsehoods or changes, redressal of beneficial owner grievances with reporting, and payment of annual fees.

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