Merchant banker fees must be paid per Schedule II; nonpayment bars new activity and incurs 15% p.a. interest. Applicants eligible for a merchant banker certificate must pay fees as specified in Schedule II; failure to pay bars undertaking any new activity until ... Summary
Merchant banker fees must be paid per Schedule II; nonpayment bars new activity and incurs 15% p.a. interest.
Applicants eligible for a merchant banker certificate must pay fees as specified in Schedule II; failure to pay bars undertaking any new activity until fees are paid and triggers interest at 15% per annum for each month or part thereof, without prejudice to other actions the Board may take.
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