Registration procedure for vault managers: Board satisfaction followed by payment of prescribed fee triggers certificate issuance. The Board evaluates an application against eligibility and documentary requirements and, if satisfied, intimates the applicant. After intimation the applicant must pay the registration fee as specified in the Second Schedule; on receipt of that fee the Board grants the certificate of registration in the Form B format of the First Schedule.
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Provisions expressly mentioned in the judgment/order text.
Registration procedure for vault managers: Board satisfaction followed by payment of prescribed fee triggers certificate issuance.
The Board evaluates an application against eligibility and documentary requirements and, if satisfied, intimates the applicant. After intimation the applicant must pay the registration fee as specified in the Second Schedule; on receipt of that fee the Board grants the certificate of registration in the Form B format of the First Schedule.
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