Eligibility conditions for collective investment management companies require company registration, fit and proper status and minimum net worth and governance. The Board will not grant registration unless an applicant is a company with its Memorandum specifying management of collective investment schemes, is fit and proper, has adequate infrastructure, honest and experienced directors with required independence and trustee representation, does not act as trustee, and has no connected persons with prior refusals or disciplinary action; existing schemes must meet Chapter IX. Applicants and promoters must meet a sound track record and sustained net worth requirement, including continuous relevant business activity, positive net worth in preceding years, specified profitability in prior years, and a maintained minimum net worth with a higher interim threshold if profitability criteria are unmet.