In the last board meeting of BPR Limited, its board suggested to explore the possibility of entering into the business of intermediaries. Being their Company Secretary, enlist the general obligations of an intermediaries

The general obligations of an Intermediary under the SEBI (Intermediaries) Regulations, 2008 are as under: (1) An intermediary shall provide the SEBI with a certificate of its compliance officer on the 1st April of each year certifying: (a) the compliance by the intermediary with all the obligations, responsibilities and the fulfillment of the eligibility criteria on a continuous basis under these regulations and the relevant regulations; (b) that all disclosures made in Form A and under the relevant regulations are true and complete. (2) Each intermediary shall prominently display a photocopy of the certificate at all its offices including branch offices. (3) The intermediary shall also prominently display the name and contact details of the compliance officer to whom complaint may be made in the event of any investor grievance. (4) The intermediary shall maintain such books, accounts and records as specified in the relevant regulations. Period of validity of certificate The certificate granted to an intermediary has to be permanent, unless surrendered by the intermediary or suspended or cancelled in accordance with SEBI (Intermediaries) Regulations, 2008.