Intermediary registration eligibility: incomplete or non compliant applications rejected; false or misleading applications barred from reapplication. SEBI will reject applications for intermediary certificates that are incomplete, non conforming to Form A or relevant regulation requirements, contain incorrect, false or misleading information, fail eligibility or fit and proper tests, or where the principal officer lacks requisite qualifications; rejections must be recorded in writing. Applicants are generally given a written opportunity to rectify deficiencies within a specified time before rejection, except where applications contain false or misleading information, in which case no cure opportunity is provided and reapplication is barred for one year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Intermediary registration eligibility: incomplete or non compliant applications rejected; false or misleading applications barred from reapplication.
SEBI will reject applications for intermediary certificates that are incomplete, non conforming to Form A or relevant regulation requirements, contain incorrect, false or misleading information, fail eligibility or fit and proper tests, or where the principal officer lacks requisite qualifications; rejections must be recorded in writing. Applicants are generally given a written opportunity to rectify deficiencies within a specified time before rejection, except where applications contain false or misleading information, in which case no cure opportunity is provided and reapplication is barred for one year.
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