Consideration of application for grant of certificate

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....rticular, whether:- (a) the applicant fulfils the capital requirement in accordance with regulation 7; (b) the applicant has the necessary infrastructure, including adequate office space, vaults for safe custody of securities and computer systems capability, required to effectively discharge his activities as 4[custodian] ; 1[(ba) the applicant has the requisite approvals under any law for the ....

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....a certificate by the Board or whose certificate has been cancelled by the Board; (f) the applicant, his director, his principal officer or any of his employees is involved in any litigation connected with the securities market; (g) the applicant, his director, his principal officer or any of his employees has at any time been convicted of any offence involving moral turpitude or of any economic ....