Consideration of application and eligibility criteria

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....certificate of registration and in particular the following, namely:- (i) whether the applicant is an individual or a body corporate or ^2[partnership firm or] limited liability partnership firm; ^3[(ii) whether in case the applicant is an individual, he and all persons associated with research services are appropriately qualified and certified as specified in regulation 7;] ....

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.... (vi) whether the applicant fulfills the ^7[deposit] requirements as specified in regulation 8; (vii) whether the applicant, individuals employed as research analyst ^8[, persons associated with research services] and partners of the applicant, if any, are fit and proper persons based on the criteria as specified in Schedule II of the Securities and Exchange Board of India (Intermediarie....

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....ll be deemed to be enlisted with such a body or body corporate from the date of recognition of such a body or body corporate: Provided further that the applicant whose application is received before the date of recognition of the body or body corporate as provided under regulation 14 and who is granted the certificate after the date of recognition of such body or body corporate shall also....

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....re it was read as,  "(iii) whether in case the applicant is a body corporate, the individuals employed as research analyst are qualified and certified as specified in regulation 7;" 5.  Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/220 dated 16-12-2024 before it was read as,  "(iv) whether in case the applicant is a partnership firm or a limite....