Banker-to-an-issue registration requires operational capacity, banking eligibility, clean market conduct, fitness, and protection of investor interests. Registration of bankers to an issue requires adequate infrastructure, communication and data-processing facilities, and manpower. Eligibility depends on ... Summary
Banker-to-an-issue registration requires operational capacity, banking eligibility, clean market conduct, fitness, and protection of investor interests.
Registration of bankers to an issue requires adequate infrastructure, communication and data-processing facilities, and manpower. Eligibility depends on securities-market conduct of the applicant and its directors, including absence of adverse securities-market litigation and economic-offence convictions. The applicant must be a scheduled bank or specified banking company, be fit and proper, and meet the requirement that certification serves investors' interests.
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