Fit and proper criteria: SEBI may apply intermediary standards when assessing registrar and share transfer agent applicants. Criteria for assessing fit and proper person status for applicants seeking registration as registrars to an issue and share transfer agents require the Board to take into account the criteria specified in the Intermediaries Regulations' schedule of standards, aligning registration eligibility with intermediary assessment benchmarks; a substitution replaced an earlier provision, directing reliance on the intermediary criteria in the applicable regulations' schedule.