Conditions of registration require prior approval for change in control and mandated investor grievance redressal procedures.

Conditions of registration for bankers to an issue mandate prior Board approval for any change in control to continue acting as banker, a legally binding agreement with the issuing body allocating duties and responsibilities, payment of registration fees, redressal of investor complaints within twenty-one calendar days with reporting to the Board, compliance with applicable regulations for banker-to-issue activities, and immediate intimation to the Board of changes in submitted registration information; fresh registration under the Act may still be required where applicable.

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