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Consideration of application for grant of certificate of registration
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....on to the satisfaction of the Board and belongs to one of the following categories, namely: (a) a wholly owned subsidiary of a recognized stock exchange, having nation-wide network of trading terminals, or; (b) a wholly owned subsidiary of a depository or any other intermediary registered with the Board or; (c) a wholly owned subsidiary of a Self Regulatory Organization (SRO) registered unde....