Maintenance of books and records: merchant bankers must retain financial statements, due diligence and notify the regulator of record locations. Merchant bankers must retain core financial records-balance sheet, profit and loss account, auditor's report and statement of financial position-and records of due diligence for pre and post issue activities and for takeovers, buybacks and delistings; they must inform the Board of record locations and furnish specified documents for up to five preceding accounting years on request. Underwriters must additionally retain underwriting agreements, details of securities subscribed, a capital adequacy statement and other Board specified records.
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Maintenance of books and records: merchant bankers must retain financial statements, due diligence and notify the regulator of record locations.
Merchant bankers must retain core financial records-balance sheet, profit and loss account, auditor's report and statement of financial position-and records of due diligence for pre and post issue activities and for takeovers, buybacks and delistings; they must inform the Board of record locations and furnish specified documents for up to five preceding accounting years on request. Underwriters must additionally retain underwriting agreements, details of securities subscribed, a capital adequacy statement and other Board specified records.
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