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of <h1>SEBI Sets Eligibility for SRO Certificate: Licensed Company, Section 25 Compliance, Net Worth, and Integrity Standards Required.</h1> The Securities and Exchange Board of India (SEBI) outlines eligibility criteria for granting a certificate to a Self Regulatory Organization (SRO) under the 2004 regulations. The applicant must be a licensed company under section 25 of the Companies Act, 1956, with specified objectives in its memorandum of association. It requires a minimum net worth of one crore rupees, adequate infrastructure, and competent personnel. The applicant and its directors must demonstrate professional competence, financial soundness, integrity, and a clean legal record. Additionally, the applicant must be deemed fit and proper, and the certification should benefit investors and the securities market.
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