Recognition of Self Regulatory Organization

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....ous of being recognized as a Self Regulatory Organization, may form a company registered under section 25 of the Companies Act, 1956 and such company may make an application to the Board for grant of certificate of recognition as a Self Regulatory Organization: ^1[Provided that for the purpose of this sub-regulation a distributor shall be deemed to be an intermediary]: ^2[Provided further th....

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.... Regulatory Organization; (c) the admission into the Self Regulatory Organization of members, agents, their qualifications for membership, and the exclusion, suspension, expulsion and readmission of members therefrom or thereinto; (3) Every application under sub-regulation (1) shall be signed on behalf of the applicant under authority of its Board of Directors by its Chairman, Managing Direc....