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    <title>Grant of provisional registration</title>
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    <description>Provisional registration for existing collective investment schemes is conditional on obtaining ratings, audits and appraisals of schemes within prescribed periods; creating a trust and appointing trustees as specified; complying with accounting and valuation norms for pre-regulation schemes; observing restrictions on disposal of scheme property and other specified regulatory conditions; meeting staged minimum net worth benchmarks; giving a written undertaking and paying the provisional registration fee. Non-compliance with these conditions and regulation 9 disqualifies the applicant from certificate of registration under regulation 10 and mandates winding up as per regulation 73.</description>
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