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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Underwriters Need SEBI Certificate; Exemption for Registered Stock Brokers & Merchant Bankers under Section 12.</h1> Under the Securities and Exchange Board of India (Underwriters) Regulations, 1993, no individual can act as an underwriter without a certificate from the Board. However, stock brokers or merchant bankers with a valid registration under section 12 of the Act are allowed to function as underwriters without needing a separate certificate. These entities, when acting as underwriters, must comply with the regulations outlined in the 1993 provisions. This regulation was amended in 2006 to incorporate these stipulations.
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