Permanent registration process requires advance application, disclosure of changes, prescribed fee payment and Board approval.

An applicant KYC Registration Agency must apply for permanent registration within the prescribed pre-expiry period using the Schedule I form and pay fees as specified in Schedule II. The application must include details of changes since initial registration and a declaration of no other changes. Applications are processed as fresh initial registration applications. The Board, on satisfaction of eligibility, issues a permanent registration certificate in Schedule I format, subject to payment of prescribed fees and compliance with submission and verification requirements.

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