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<h1>KRAs must seek SEBI approval to surrender registration, ensuring investor protection and service continuity under Section 11.</h1> A Know Your Client Registration Agency (KRA) wishing to surrender its registration certificate must request approval from the Securities and Exchange Board of India (SEBI). The Board may require the KRA to demonstrate arrangements for record maintenance, investor grievance redressal, client record transfer, service continuity, and address any defaults. Upon acceptance, the Board may impose conditions to protect investors and the securities market. The KRA must cease relevant activities, transfer its operations to a certified entity, allow clients to withdraw assignments without cost, address liabilities, and manage records as directed by the Board.