Merchant banker registration required: certificate in Form A, prescribed fee, and categorisation into Category I or II. No person may act as a merchant banker unless they obtain a certificate of registration from the Board; applications must be made in Form A and accompanied by the non refundable application fee specified in Schedule II. The application must specify the category of merchant banker, currently Category I (all permitted activities including issue management, advisory, underwriting and portfolio management) or Category II (all permitted activities except certain public issues of listed equity), and existing registrants must re categorise themselves as Category I or Category II as specified by the Board.
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Provisions expressly mentioned in the judgment/order text.
Merchant banker registration required: certificate in Form A, prescribed fee, and categorisation into Category I or II.
No person may act as a merchant banker unless they obtain a certificate of registration from the Board; applications must be made in Form A and accompanied by the non refundable application fee specified in Schedule II. The application must specify the category of merchant banker, currently Category I (all permitted activities including issue management, advisory, underwriting and portfolio management) or Category II (all permitted activities except certain public issues of listed equity), and existing registrants must re categorise themselves as Category I or Category II as specified by the Board.
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