Fit and proper person criteria govern eligibility for bankers to an issue, applying Schedule II standards from the intermediaries rules. The Board shall determine whether an applicant or banker to an issue is a fit and proper person by taking into account the criteria specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008, thereby directing reliance on those prescribed standards for assessing eligibility and suitability for registration as bankers to an issue.
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Fit and proper person criteria govern eligibility for bankers to an issue, applying Schedule II standards from the intermediaries rules.
The Board shall determine whether an applicant or banker to an issue is a fit and proper person by taking into account the criteria specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008, thereby directing reliance on those prescribed standards for assessing eligibility and suitability for registration as bankers to an issue.
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