Regulation 20A - Grant of certificate of permanent registration - Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996

1 [Grant of certificate of permanent registration. 20A.(1) A participant who has been granted a certificate of initial registration may, three months before the expiry of the period of certificate of initial registration, make an application for grant of a certificate of permanent registration in Form E, through the depository in which it is a participant. (2) The participant who has already been granted a certificate of registration or has obtained renewal of certificate of registration, prior to the commencement of the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2011, may, three months before the expiry of validity of certificate of registration or before, make an application for grant of a certificate of permanent registration in Form E, through the depository in which it is a participant. (3) The application under sub-regulation (1) or sub-regulation (2) shall be accompanied by the application fees as specified in Part A of the Second Schedule and be paid in the manner specified in Part B thereof. (4) The application for grant of a certificate of permanent registration shall be accompanied by details of the changes that have taken place in the information that was submitted to the Board while seeking initial registration or renewal, as the case may be, and a declaration stating that no changes other than those as mentioned in such details have taken place. (5) The application for permanent registration made under subregulation (1) or (2) shall be dealt with in the same manner as if it were a fresh application for grant of a certificate of initial registration. (6) The Board, on being satisfied that the applicant is eligible, shall grant a certificate of permanent registration in Form F and shall send an intimation to the applicant. (7) On the grant of a certificate of permanent registration the participant shall be liable to pay registration fee as specified in the Second Schedule of these regulations, within a period of fifteen days of receipt of intimation from the Board. (8) The participant shall pay annual fee as specified in the Second Schedule of these regulations.] 2 [(9) The participant, to keep the registration in force, shall pay registration fee as specified in Part A of the Second Schedule for every five years from the sixth year of the date of grant of certificate of permanent registration. (10) The fee specified in sub-regulation (9) shall be paid three months prior to the expiry of the block for which the fee has been paid.] *********** 1 Substituted, ibid. Prior to substitution, regulation 20A as amended by the SEBI (Depositories and Participants) (Third Amendment) Regulations, 2003, w.e.f. 1-10-2003, read as under: Participants to abide by Code of Conduct. 20A.The participant holding a certificate shall, at all times, abide by the Code of Conduct as specified in the Third Schedule. 2 Inserted by the SEBI (Depositories and Participants) (Amendment) Regulations, 2013, w.e.f. 17-5-2013.