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<h1>Registration conditions for trustees require prior board approval for management changes and prompt disclosure of material misrepresentations.</h1> Conditions of registration require trustees to obtain prior Board approval for changes in management or control; pay registration and annual fees; maintain investor grievance redressal with specified response timelines and report complaint particulars to the Board; comply with the Act and these Regulations in respect of activities by the special purpose distinct entity; promptly inform the Board if previously submitted information is misleading or false; notify any material change affecting the certificate; and abide by the Code of Conduct in Schedule III.