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        SEBI

        Regulation 7A - Liquid net worth requirement

        Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992
        Chapter II
        REGISTRATION OF MERCHANT BANKERS

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        Merchant bankers liquid net worth requirement set; noncompliance bars fresh permitted activities until the requirement is met. Regulation 7A sets minimum liquid net worth requirements for registration: Rs. 12.5 crore for Category I and Rs. 2.5 crore for Category II, with existing registrants to comply as specified by the Board. A registrant failing the requirement may face Board action and is barred from undertaking any fresh permitted activity until compliance. Liquid net worth means net worth deployed in unencumbered liquid assets; liquid assets include cash, fixed deposits, government securities, money market instruments, treasury bills, repos on government securities and acceptable marketable securities with applicable haircut.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Merchant bankers liquid net worth requirement set; noncompliance bars fresh permitted activities until the requirement is met.

                          Regulation 7A sets minimum liquid net worth requirements for registration: Rs. 12.5 crore for Category I and Rs. 2.5 crore for Category II, with existing registrants to comply as specified by the Board. A registrant failing the requirement may face Board action and is barred from undertaking any fresh permitted activity until compliance. Liquid net worth means net worth deployed in unencumbered liquid assets; liquid assets include cash, fixed deposits, government securities, money market instruments, treasury bills, repos on government securities and acceptable marketable securities with applicable haircut.


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