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Grant of certificate of initial registration.

nitial] registration. 20. (1) After considering the application under regulation 16, with reference to the matters specified in regulation 19, if the Board is satisfied that the applicant is eligible for grant of certificate of 2[initial] registration, grant a certificate in Form F. (2) The grant of certificate of 3[initial] registration in Form F shall be subject to the following, namely:- (a) th .....

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s any change in such information, the participant shall forthwith inform the Board in writing ; (e) the participant shall redress the grievances of beneficial owners within thirty days of the date of the receipt of the complaint and keep the depository informed about the number and the nature of redressals; and (f) the participant shall pay annual fees specified in Part A of the Second Schedule in .....

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