Underwriter recordkeeping: maintain specified financial records and furnish statements to the board as required by regulation. Underwriters must maintain proper books and records: corporations must retain copies of balance sheet, profit and loss account and auditor's report; non-corporates must keep receipts and payments records and assets and liabilities. They must also keep records of underwriting agreements, securities subscribed, and a statement of capital adequacy. After each financial year, underwriters must, if required by the Board, furnish copies of financial statements, capital adequacy statement and other documents, and must intimate the Board the place where books and records are maintained.
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Underwriter recordkeeping: maintain specified financial records and furnish statements to the board as required by regulation.
Underwriters must maintain proper books and records: corporations must retain copies of balance sheet, profit and loss account and auditor's report; non-corporates must keep receipts and payments records and assets and liabilities. They must also keep records of underwriting agreements, securities subscribed, and a statement of capital adequacy. After each financial year, underwriters must, if required by the Board, furnish copies of financial statements, capital adequacy statement and other documents, and must intimate the Board the place where books and records are maintained.
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