Liquid net worth requirements bar non-compliant merchant bankers from fresh permitted activities until minimum registration standards are met. Merchant bankers must maintain prescribed minimum liquid net worth thresholds for registration, with separate requirements for Category I and Category II ... Summary
Liquid net worth requirements bar non-compliant merchant bankers from fresh permitted activities until minimum registration standards are met.
Merchant bankers must maintain prescribed minimum liquid net worth thresholds for registration, with separate requirements for Category I and Category II merchant bankers. Existing registrants must comply within the manner and period specified by the Board. Non-compliant merchant bankers cannot undertake fresh permitted activities until the minimum requirement is met. Liquid net worth means net worth deployed in unencumbered, low-risk liquid assets capable of prompt conversion into cash.
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