Grant of Registration

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....d in India, in the IFSC or in a Foreign Jurisdiction; (b) a wholly owned subsidiary of a depository regulated in India, in the IFSC or in a Foreign Jurisdiction; or (c) a wholly owned subsidiary of an entity undertaking activities similar to those of a KRA and regulated by SEBI or regulated in a Foreign Jurisdiction; Provided that a branch of an entity undertaking activities s....

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....tify them. (4) If the Applicant fails to rectify such deficiencies to the satisfaction of the Authority within the specified time, the Authority may refuse to grant registration and shall communicate the same to the Applicant, giving reasons for such refusal: Provided that no such refusal shall be made by the Authority without giving the Applicant an opportunity to make written submissions o....