Merchant banker recordkeeping obligations require financial, due diligence, and underwriting records, with regulatory disclosure of accounts and storage locations.

Merchant bankers must maintain financial statements, auditor's reports, statements of financial position, and due-diligence records for issue management, takeovers, buybacks and delisting. They must notify the Board of the location of these records and furnish financial statements and other required documents after each accounting period when required. Merchant bankers acting as underwriters must also retain underwriting agreements, subscription details, capital adequacy statements and other specified records.

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