To be registered under SEBI, the applicant must make an application to the Board in Form A of FVCI Regulations, which is attached to the Regulations and provide all the details and supporting documents asked for. The Applicant must deposit the fee prescribed in Part A of the Second Schedule and pay it in accordance with the manner given in Part B of the same schedule of FVCI Regulations. Upon receiving the application, the Board analyses it and raises objections/grants the certificate, as the case may be.