Requirement that merchant bankers generate minimum revenue from specified merchant banking activities, with narrow issuance only exemptions. Regulation 9C requires merchant bankers to generate minimum revenue, as specified by the Board, from activities set out in sub regulation (1) of Regulation 13A; the rule does not apply to merchant bankers managing only issuance of specified listed or proposed instruments including non convertible securities, securitized debt instruments, security receipts, municipal debt securities, commercial papers, or units of a REIT or an InvIT.
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.
Requirement that merchant bankers generate minimum revenue from specified merchant banking activities, with narrow issuance only exemptions.
Regulation 9C requires merchant bankers to generate minimum revenue, as specified by the Board, from activities set out in sub regulation (1) of Regulation 13A; the rule does not apply to merchant bankers managing only issuance of specified listed or proposed instruments including non convertible securities, securitized debt instruments, security receipts, municipal debt securities, commercial papers, or units of a REIT or an InvIT.
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