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of <h1>Regulation 10 on Bankers to an Issue: Amendments from 1994, 2011, and Omission in 2016 Explained.</h1> Regulation 10 of the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994, initially stipulated that any scheduled bank whose application for a certificate was refused by the Board would cease to operate as a banker to an issue from the date of refusal notification. This regulation was amended in 2011 to specify that refusal of a permanent registration certificate would result in the cessation of activities, with a provision allowing continuation of prior activities under certain conditions. The regulation was later omitted in 2016.
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