Minimum revenue generation mandates prescribed earnings for merchant bankers, excluding management solely of specified debt instruments and listed trust units. Regulation 9C requires each merchant banker to generate the minimum revenue prescribed by the Board from qualifying merchant-banking activities. The ... Summary
Minimum revenue generation mandates prescribed earnings for merchant bankers, excluding management solely of specified debt instruments and listed trust units.
Regulation 9C requires each merchant banker to generate the minimum revenue prescribed by the Board from qualifying merchant-banking activities. The requirement does not apply to a merchant banker managing only issuances of listed or proposed-to-be-listed non-convertible securities, securitized debt instruments, security receipts, municipal debt securities, commercial papers, or units of a REIT or InvIT.
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