Grant of certificate of initial registration.

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.... if the Board is satisfied that the applicant is eligible for grant of certificate of ^2[initial] registration, grant a certificate in Form F. (2) The grant of certificate of ^3[initial] registration in Form F shall be subject to the following, namely:- (a) the participant shall pay the registration fee specified in Part A of the Second Schedule in the manner specified in Part B thereof, wit....

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....hall redress the grievances of beneficial owners within thirty days of the date of the receipt of the complaint and keep the depository informed about the number and the nature of redressals; and (f) the participant shall pay annual fees specified in Part A of the Second Schedule in the manner specified in Part B thereof. ^6[(3) The certificate of initial registration granted under sub-regul....