Regulation 127 — Renewal of registration

(1) A registered intermediary shall, one month prior to the
date of expiry of its registration, apply to the Commission as per specified application App-5 for
renewal of registration along with a non-refundable fee as specified in Seventh Schedule to the Act.
(2) The Commission upon being satisfied, after making such inquiry and obtaining such
further information as it may consider necessary that the applic ant is eligible for renewal of
registration may grant a certificate of renewal of registration to the applicant as per Annexure-P
subject to such additional conditions as it may deem fit to impose:
Provided that till such time the registration is renewed, the existing registration shall
be deemed valid for the purposes of these regulations unless the registered intermediary failed to

apply as specified in sub-regulation (1) above and fulfill all the requirements to the satisfaction of the
Commission for the renewal of registration.
Provided further that if the registered intermediary fails to apply within the specified
time period and fails to fulfill all the requirements to the satisfaction of the Co mmission, its
registration shall stand cancelled in accordance with the regulation 129 and the Commission may
initiate further proceedings to give effect to cancellation.