Stock broker certification requires membership, compliance, minimum net worth and prompt reporting of material changes to board. Certificates are conditional on exchange membership, compliance with exchange rules, prior Board approval for change in control via a recognized exchange, payment of prescribed fees, investor grievance redressal within twenty-one days, adherence to the Code of Conduct, maintenance of minimum networth, and notification to the Board through a recognized exchange of specified material changes, which include changes in control, key personnel, name, registered office, constitution, net worth below minimum, fit and proper status, and other specified changes.