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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Merchant Bankers Must Maintain Financial Records for 5 Years as Per Regulation 14 of SEBI Merchant Bankers Regulations 1992</h1> Regulation 14 of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 mandates that every merchant banker must maintain specific financial records, including balance sheets, profit and loss accounts, auditor reports, and statements of financial position. They must also keep records related to due diligence for issue management and securities transactions like takeovers and buybacks. Merchant bankers must inform SEBI of the location of these records and submit them for the past five years when required. Additionally, underwriters must maintain records of agreements, securities subscriptions, and capital adequacy, as specified by SEBI.
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