Regulation 31 - Surrender of any certificate of registration
Securities and Exchange Board of India (Intermediaries) Regulations, 2008 Chapter V ACTION IN CASE OF DEFAULT AND MANNER OF SUSPENSION OR CANCELLATION OF CERTIFICATE
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Certificate surrender requires safeguards for records, client assets, grievances, service continuity, defaults, and investor-protection conditions. A registered person seeking to discontinue its activity may request surrender of its certificate of registration. The request may require satisfactory ... Summary
Certificate surrender requires safeguards for records, client assets, grievances, service continuity, defaults, and investor-protection conditions.
A registered person seeking to discontinue its activity may request surrender of its certificate of registration. The request may require satisfactory arrangements for record preservation, investor grievance redressal, transfer of client records, funds or securities, continuity of client services, and resolution of defaults or pending action. Acceptance of surrender may be made subject to conditions protecting investors, clients or the securities market, which the surrendering person must comply with.
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