Registration criteria for bankers to an issue: infrastructure, litigation status, banking qualification, fitness and investor-interest guide certificate grant. Granting a certificate for registration as a banker to an issue requires the Board to assess whether the applicant has adequate infrastructure, communication, data processing facilities and manpower; whether the applicant or its directors are free from securities-market litigation or convictions for economic offences; whether the applicant is a scheduled bank or other banking company specified by the Board; whether the applicant is fit and proper; and whether grant of the certificate is in the interest of investors.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration criteria for bankers to an issue: infrastructure, litigation status, banking qualification, fitness and investor-interest guide certificate grant.
Granting a certificate for registration as a banker to an issue requires the Board to assess whether the applicant has adequate infrastructure, communication, data processing facilities and manpower; whether the applicant or its directors are free from securities-market litigation or convictions for economic offences; whether the applicant is a scheduled bank or other banking company specified by the Board; whether the applicant is fit and proper; and whether grant of the certificate is in the interest of investors.
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