Certificate requirement for underwriters: registration mandatory to underwrite and subject to conditions for grant and renewal. Persons acting as underwriters must hold a certificate of registration under the regulations; pre-existing underwriters may continue pending registration and registered stock brokers or merchant bankers may underwrite without a separate certificate. The Board may grant or renew certificates subject to conditions including prior permission for changes in status, a valid agreement with the body corporate allocating duties, payment of registration fees, and compliance with the rules and regulations.
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Provisions expressly mentioned in the judgment/order text.
Certificate requirement for underwriters: registration mandatory to underwrite and subject to conditions for grant and renewal.
Persons acting as underwriters must hold a certificate of registration under the regulations; pre-existing underwriters may continue pending registration and registered stock brokers or merchant bankers may underwrite without a separate certificate. The Board may grant or renew certificates subject to conditions including prior permission for changes in status, a valid agreement with the body corporate allocating duties, payment of registration fees, and compliance with the rules and regulations.
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