Eligibility for Registration
Rule 3 of Central Depository Companies (Establishment and Regulation) Rules, 1996 sets out the eligibility requirements for a company desirous of commencing business as a central depository company, which are:-

		That such company is incorporated as a public limited company under the Companies Ordinance, 1984 (XLVII of 1984);
		that such company has entered into equity participation or technical collaboration arrangement with an internationally recognized institution or agency;
		that at least one stock exchange in Pakistan is a shareholder of such a company;
		that no promoter, director , officer or employee of such a company-
		has been convicted of fraud,  breach of trust or an offence involving moral turpitude or removed from service for misconduct or has been adjudicated as insolvent; has been associated with any illegal banking business, deposit taking or financial dealings; has been a sponsor, director, chief executive or a senior management officer of a defaulting co-operative finance society or finance company; and has been a defaulter of any commercial bank or financial institution including non-banking financial institution or has suspended payment or has compounded with his creditors; and
		that the promoters of such company are persons of means and integrity and have special knowledge of matters which the company may have to deal with as a central depository company.

REQUIRMENT FOR Registration
Under Rule 4 of the Central Depository Companies (Establishment and Regulation) Rules, 1996, a company, which is eligible for registration under rule 3 as a central depository company, can make an application to the SECP in Form I. The application must be accompanied by a fee of five hundred thousand rupees as registration fee.

Grant of certificate of registration
If the SECP is satisfied, after such inquiry and after obtaining such further information as it may consider necessary, that the applicant is eligible for registration and it would be in the interest of the capital market so to do, may grant a certificate of registration to such company on such conditions as it may deem appropriate.