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>SEBI Regulation 7 tightens merchant banker net worth norms, linking compliance to Companies Act section 2(57) definitions</h1> Regulation 7 prescribes minimum net worth requirements for merchant bankers under SEBI's Merchant Bankers Regulations, 1992. Category I merchant bankers must maintain a net worth of at least INR 50 crore, and Category II merchant bankers at least INR 10 crore. Existing registered merchant bankers must comply within the manner and time specified by the Board. A merchant banker that fails to meet the prescribed minimum net worth cannot undertake any fresh permitted activity until compliance, without prejudice to SEBI's enforcement powers. Net worth, for a body corporate, is as defined in section 2(57) of the Companies Act, 2013, and for a limited liability partnership, is the sum of fixed partners' contribution plus reserves and surplus.
TaxTMI 
TaxTMI 
