Registration conditions: prior Board approval for status changes and mandatory fees, agreements, capital and grievance safeguards. Amendments revise definitions and Schedule II fees, require non refundable application fees for registration and renewal, and impose conditions of registration: prior Board approval for any change of status or constitution; a binding agreement with the issuer allocating duties; payment of prescribed fees; maintenance of capital adequacy per regulation 7; investor grievance redressal within one month with reporting to the Board; and compliance with applicable regulations. Certificates of registration and renewals are valid for three years.