Power to remove difficulties permits clarificatory circulars and guidelines for interpreting and applying merchant banker regulations. Regulation 45 authorises the Board to remove difficulties relating to the applicability or interpretation of the Merchant Bankers Regulations by issuing ... Summary
Power to remove difficulties permits clarificatory circulars and guidelines for interpreting and applying merchant banker regulations.
Regulation 45 authorises the Board to remove difficulties relating to the applicability or interpretation of the Merchant Bankers Regulations by issuing clarifications or guidelines through circulars. Inserted in Chapter VII by an amendment dated 3 December 2025, the provision is effective on the thirtieth day after publication of the amendment.
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