Registration amendment requirements: Form DP-1 mandates extensive mandatory data, complicating straightforward dealer registration updates online process
Form DP-1 is the electronic mechanism intended for amending registered dealers' particulars and to replace Forms DVAT-07 and DVAT-52, but the online implementation requires nearly full registration data and extra particulars such as local counsel, converting the amendment form into a de facto full registration resubmission and imposing unnecessary administrative burden. The form should be revised to permit submission only of changed particulars. (AI Summary)