The Securities
Entrepreneur shall have to renew the Securities Entrepreneur
Registration Certificate by submitting the application to the Board along
with the fee as prescribed in Schedule-12 in format of Schedule-15 to
renew the Securities Entrepreneur Registration Certificate within fifteen
days from the date of expiry of completion of fiscal year.
(2) In case the Securities Entrepreneur registration Certificate
could not be renewed within the time limit of sub-rule (1), the Securities
Entrepreneur may submit an application to the Board along with twenty
five percent fee in addition to renewal fee mentioning the reasons
therefor within 6 months from the expiry of such time limit to renew the
Securities Entrepreneur Registration Certificate.
(3) The Board shall cancel the Securities Entrepreneur
Registration Certificate of such Securities Entrepreneur in case the
Securities Entrepreneur does not submit an application to renew the
Securities Entrepreneur Registration Certificate within the time limit of
sub-rule (1).
(4) The Corporate Body whose Securities Entrepreneur
Registration Certificate has been cancelled is not allowed to carry out
the transaction of Securities.