Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Securities Regulation 7 mandates underwriters maintain a minimum net worth of twenty lakhs rupees; stockbrokers follow exchange standards.</h1> Regulation 7 of the Securities and Exchange Board of India (Underwriters) Regulations, 1993, stipulates that the capital adequacy requirement for underwriters must be at least a net worth of twenty lakhs rupees. However, stockbrokers acting as underwriters must meet the capital adequacy standards set by their respective stock exchanges. 'Net worth' is defined as the capital and free reserves for proprietary concerns, firms, or associations, and as paid-up capital and free reserves for corporate bodies, as recorded in the applicant's financial statements when applying under regulation 3.
TaxTMI 
TaxTMI 
