Registration as Registrar to an Issue and Share Transfer Agent: certificate issued subject to regulatory conditions and ongoing compliance. The SEBI framework requires applicants for registration as registrars to an issue and/or share transfer agents to submit a completed application detailing identity, organisational structure, key officers, infrastructural and computer facilities, a three year business plan, financial statements and deployment of resources, experience in relevant activities, investor grievance redressal arrangements, typical contractual terms with issuers, and disclosures of disputes or indictments. A declaration by the principal officer is required. The Board issues a certificate of registration specifying category and code, subject to suspension or cancellation by the Board.