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of <h1>Eligible applicants must pay fees per Schedule II under Regulation 12 to avoid suspension of registrar's certificate.</h1> Regulation 12 of the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 mandates that eligible applicants must pay fees as specified in Schedule II. The Board may allow payment within six months past the due date if justified. Failure to pay results in suspension of the registrar's certificate, prohibiting them from performing their duties. Amendments in 2016 updated the payment conditions, previously revised in 2011, to include both initial and permanent registration fees.
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