Merchant banker permitted activities limited to securities-market functions; other services allowed only via separate arms-length business units. Regulation 13A confines a registered merchant banker's core business to specified securities-market activities, listing permitted functions such as managing issues, acquisitions, buy-backs, delisting, listing-related compliance, underwriting, private placements, international offerings, AIF placement memoranda, fairness opinions, secondary market management and market making. Non-core or other regulated activities may be undertaken only on an arms-length basis through separate business units and subject to conditions, separate registration where applicable, and ring-fencing of prescribed net worth. Transitional requirements address transfer timelines and completion of valuation assignments.
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.
Merchant banker permitted activities limited to securities-market functions; other services allowed only via separate arms-length business units.
Regulation 13A confines a registered merchant banker's core business to specified securities-market activities, listing permitted functions such as managing issues, acquisitions, buy-backs, delisting, listing-related compliance, underwriting, private placements, international offerings, AIF placement memoranda, fairness opinions, secondary market management and market making. Non-core or other regulated activities may be undertaken only on an arms-length basis through separate business units and subject to conditions, separate registration where applicable, and ring-fencing of prescribed net worth. Transitional requirements address transfer timelines and completion of valuation assignments.
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