Conditions of registration require approval for change in control and ongoing financial, operational and grievance compliance. Registration is conditional on prior Board approval for change in control, payment of fees, investor grievance redressal within twenty-one calendar days, maintenance of capital adequacy and liquid net worth at all times, compliance with regulations for merchant banking and underwriting (including valid underwriting agreements), prohibition on outsourcing core merchant banking activities, generation of minimum revenue from permitted activities, and certification requirements for specified employees and the compliance officer.
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.
Conditions of registration require approval for change in control and ongoing financial, operational and grievance compliance.
Registration is conditional on prior Board approval for change in control, payment of fees, investor grievance redressal within twenty-one calendar days, maintenance of capital adequacy and liquid net worth at all times, compliance with regulations for merchant banking and underwriting (including valid underwriting agreements), prohibition on outsourcing core merchant banking activities, generation of minimum revenue from permitted activities, and certification requirements for specified employees and the compliance officer.
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