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of <h1>Merchant bankers must sign agreements detailing roles, obligations, and fees per SEBI (Merchant Bankers) Regulations, 1992, amended 2021.</h1> Every merchant banker acting as an underwriter must enter into an agreement with each corporate body they represent. This agreement should specify the duration of the agreement, the allocation of duties and responsibilities between the underwriter and the client, the underwriting obligations, the timeframe for subscription to the issue, the commission or brokerage payable, and any arrangements made by the underwriter to fulfill their obligations. These requirements are part of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, with specific provisions inserted by a 2021 notification.
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