Registration of merchant bankers requires corporate eligibility, infrastructure, qualified staff, certifications, capital adequacy and fit and proper status. Regulation 6 sets criteria for SEBI registration of merchant bankers: eligible corporate forms with specified exclusions; adequate infrastructure and manpower; at least two professionally qualified employees; required certifications for those employees and the compliance officer; compliance with capital adequacy and liquid net worth rules; absence of litigation or convictions adversely affecting securities market business; a requirement that the applicant be fit and proper and that registration be in investors' interest; and additional conditions where applicants are connected to already registered entities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration of merchant bankers requires corporate eligibility, infrastructure, qualified staff, certifications, capital adequacy and fit and proper status.
Regulation 6 sets criteria for SEBI registration of merchant bankers: eligible corporate forms with specified exclusions; adequate infrastructure and manpower; at least two professionally qualified employees; required certifications for those employees and the compliance officer; compliance with capital adequacy and liquid net worth rules; absence of litigation or convictions adversely affecting securities market business; a requirement that the applicant be fit and proper and that registration be in investors' interest; and additional conditions where applicants are connected to already registered entities.
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