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<h1>CRA designation: regulatory selection of NSDL as Central Recordkeeping Agency despite prior SEBI enforcement proceedings.</h1> Designation of NSDL as Central Recordkeeping Agency for NPS followed a competitive selection process requiring specified minimum tenure, positive net worth, and large-scale account-management experience; NSDL was selected after evaluation. The record notes prior SEBI enforcement actions against NSDL-interim, disgorgement and adjudication orders-which were subsequently stayed, set aside, revisited by a SEBI-appointed Committee and the SEBI Board, and remain the subject of appeals or further consideration.