Merchant banker registration renewal requires personnel, membership, accounts and director declarations under guidelines Renewal of registration as merchant banker requires detailed bio data and supporting proof for key personnel, disclosure of director status and audited annual accounts meeting networth criteria; where the applicant or related entities hold stock exchange membership, a conduct certificate, fee and disciplinary history and a no objection certificate are required. Applicants must state NBFC registration status and furnish inspection comments for recent financial years. Two directors must sign declarations addressing convictions or economic offences, securities market litigation or charges, duplicate related entity registrations, stock exchange disciplinary proceedings, involvement in specified securities investigations, and that investments in certified accounts are held in the company's name or provide details if not.
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Merchant banker registration renewal requires personnel, membership, accounts and director declarations under guidelines
Renewal of registration as merchant banker requires detailed bio data and supporting proof for key personnel, disclosure of director status and audited annual accounts meeting networth criteria; where the applicant or related entities hold stock exchange membership, a conduct certificate, fee and disciplinary history and a no objection certificate are required. Applicants must state NBFC registration status and furnish inspection comments for recent financial years. Two directors must sign declarations addressing convictions or economic offences, securities market litigation or charges, duplicate related entity registrations, stock exchange disciplinary proceedings, involvement in specified securities investigations, and that investments in certified accounts are held in the company's name or provide details if not.
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