ACTION IN CASE OF DEFAULT AND MANNER OF SUSPENSION OR CANCELLATION OF CERTIFICATESecurities and Exchange Board of India (Intermediaries) Regulations, 2008
ACTION IN CASE OF DEFAULT AND MANNER OF SUSPENSION OR CANCELLATION OF CERTIFICATESecurities and Exchange Board of India (Intermediaries) Regulations, 2008
Intermediary certificate conditions require prior board approval for status changes; approval may be deemed if not communicated. Certificates to intermediaries are subject to conditions: obtain prior Board approval for status or constitution changes, pay applicable fees, comply with ... Summary
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Intermediary certificate conditions require prior board approval for status changes; approval may be deemed if not communicated.
Certificates to intermediaries are subject to conditions: obtain prior Board approval for status or constitution changes, pay applicable fees, comply with securities laws and Board directions, continuously meet regulation 4 requirements, and satisfy eligibility and other regulatory requirements. The Board may add further conditions for investor protection or orderly market development. A complete prior-approval request must include Form A with post-change information and uploaded Part I, and if the Board fails to communicate a decision within the prescribed statutory period, approval is deemed granted.
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