Renewal of Certificate of Registration

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....ii.    Merchant Bankers iii.   Registrars to an Issue and Share Transfer Agents iv.   Debenture Trustees v.    Bankers to an Issue vi.   Underwriters vii.  Credit Rating Agencies Dear Sir / Madam, Sub: Renewal of Certificate of Registration Section 12 of the SEBI Act, 1992 requires that any intermediary in the....

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....is circular intends to clarify these matters: 1. If the application for renewal is not received at SEBI by the expiry date of the certificate of registration, the intermediary shall: a.       cease to be an intermediary on the date of such expiry, b.      stop carrying on the activities of the intermediary from the date of....

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....ry of registration and SEBI has not advised otherwise by the date of expiry of registration, the intermediary shall stop undertaking any fresh business / clients from the date of expiry of the registration.  SEBI may initiate any action that may be deemed appropriate for late submission of application under the provisions of the SEBI Act, 1992 and the regulations framed there under. It ....

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....ails to comply with all of the above, it will be considered as violating section 12 and shall be liable for action under the relevant provisions of SEBI Act, 1992, and/or the provisions of Rules and Regulations framed there under. 4. If an intermediary wishes to surrender the registration voluntarily before the expiry of the registration, it shall transfer, wherever relevant, their existing bus....