Procedure where registration is not granted

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..... oard shall reject the application after giving an opportunity of being heard.] 2 [(2) The decision shall be communicated by the Board within thirty days of such decision stating therein the grounds on which the application has been rejected.] (3) Any applicant may, being aggrieved by the decision of the Board under subregulation (2), apply within a period of thirty days from the date of r .....

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..... being heard. Prior to this the words of initial registration under regulation 3A or of permanent registration under regulation 8A were substituted for the words and figures under regulation 3 or of renewal under regulation 9 by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 2 Substituted by the SEBI (Underwriters) (Amendment) Regulations, 1997, w.e.f. 17-1-1997. .....

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