Regulation 126 — Grant of certificate of registration

(1) The Commission on being satisfied that the
applicant is eligible for registration may grant a certificate of registration to the applicant as per
Annexure-O subject to such additional conditions as it may deem fit to impose as well as such other
conditions as may be subsequently imposed by the Commission.
(2) The certificate of registration shall be limited to the authorization for filing of
documents with the Commission or the registrar concerned and shall not be regarded as conferring a
license on the intermediary or as providing any recognition of any qualification of the intermediary.
(3) The certificate of registration shall remain valid for a period of three years from the
date of registration unless it is cancelled earlier by the Commission, based on the grounds provided
under regulation 124.