Application for grant of certificate of initial registration.

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..... 2 [initial] registration as a participant shall be made to the Board in Form E, through 3 [the] depository in which the applicant proposes to act as a participant, shall be accompanied by the fee specified in Part A of the Second Schedule and be paid in the manner specified in Part B thereof. (2) The depository shall forward to the Board the application in Form E as early as possible, but n .....

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