Grant of Certificate :

SEBI grants a certificate of initial registration of initial and permanent registration after getting satisfied that the applicant is eligible for the grant of a certificate of initial registration. The certificate of initial registration is valid for a period of five years from the date of its issue. The grant of certificate of initial registration should be subject to the payment of the specified registration fee in the manner prescribed. The credit rating agency who has been granted or deemed to have been granted a certificate of initial registration may three months before the expiry of the period of the initial registration certificate, make an application for grant of a certificate of permanent registration accompanied by non-refundable application fee along with the changes that have taken place in the information that was submitted to SEBI during initial registration or renewable as the case may be, and a declaration stating that no changes other than these as mentioned in such details have taken place. SEBI on being satisfied shall grant a certificate of permanent registration.