Conditions of certificate of Registration

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..... he validity of its registration; 1 [ (b) the Vault Manager shall obtain prior approval of the Board in case of change in control in such manner as specified by the Board; ] (c) the Vault Manager shall abide by the provisions of the Act and these regulations in the discharge of its obligations and duties as a Vault Manager; (d) the Vault Manager shall pay the fees as required in these regulations; .....

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