Eligibility criteria

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..... t is a company which has been granted license under section 25 of Companies Act, 1956; (b) the applicant has, in its memorandum of association, specified admission of members and discharging the functions of Self Regulatory Organization as one of its main objects; (c) the applicant has a minimum networth of one crore rupees; (d) the applicant has adequate infrastructure, to enable it to d .....

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..... ce to the satisfaction of the Board; 1 [(i) the applicant is a fit and proper person based on the criteria specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008; ] (j) grant of certificate to the applicant is in the interest of investors and the securities market. ********* 1 Substituted by the SEBI (Self Regulatory Organisat .....

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