Registration of registrars and share transfer agents depends on corporate status, infrastructure, net worth, conduct, and fit-and-proper status. Registration as a registrar to an issue and share transfer agent requires the Board to consider whether the applicant is a body corporate; has adequate infrastructure, manpower and past experience; has appointed a compliance officer and constituted an audit committee; meets the net worth requirement; has no disqualifying registrations or involvement in regulatory proceedings; and that neither the applicant nor its senior officers have convictions for moral turpitude or economic offences and are fit and proper persons.