ItispreferredthattobeginwiththenumberofinstitutionswhichareeligibletobeAccreditationAgenciesbelimitedtoasmallnumberAccordinglythefollowingcriteriamaybespecifiedforRecognizedStockExchangeswhosesubsidiariesmaybeeligibletocarryoutaccreditationasproposedintheframeworkaMinimum20yearspresenceinIndiansecuritiesmarketbMinimumnetworthofINR200crorescPresenceofnationwideterminalsdHavingInvestorgrievanceredressalmechanismsinplaceincludingArbitrationePresenceofInvestorServiceCentersISCsinatleast20citiesandfanyothercriteriaasspecifiedbytheBoardfromtimetotime