The certificate granted by the SEBI to an intermediary is subject to certain conditions. Elaborate the conditions and state the period of validity of certificate.

Conditions of Certificate granted by SEBI to an Intermediary Any certificate granted by the SEBI to an intermediary is subject to the following conditions: Where the intermediary proposes to change its status or constitution, it must obtain prior approval of the SEBI for continuing to act as an intermediary after such change. It must pay the applicable fees in accordance with the relevant regulations. It must abide by the provisions of the securities laws and the directions, guidelines, and circulars as may be issued thereunder. It must continuously comply with the requirements of Regulation 4 (which typically refers to general obligations and responsibilities). It must meet the eligibility criteria and other requirements specified in these regulations and the relevant regulations. The SEBI may impose other conditions as it deems fit in the interest of investors or the orderly development of the securities market or the regulation of the working of the intermediary, and the intermediary must comply with such conditions. Period of Validity of Certificate The certificate granted to an intermediary has a permanent validity unless surrendered by the intermediary or suspended or cancelled in accordance with the SEBI (Intermediaries) Regulations, 2008.