Consideration of application for grant of certificate
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....custodian] and in particular, 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 ^7[physical] securities and computer systems capability, required to effectively discharge his activities as ^4[custodian] ; ^1[(ba) the applicant has the r....
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.... (e) the applicant is a person who has been refused 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 o....
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