Underwriter registration: certificate requirement, prescribed fees, and conditions govern underwriting activities and continuity after structural changes. A new registration regime mandates holding a certificate of registration to act as an underwriter, while stock brokers and merchant bankers with registration under the Act may underwrite without a separate certificate but are otherwise governed by these regulations. Applications for registration and renewal must include a prescribed non refundable fee. Conditions of registration require prior Board approval for changes of status or constitution, a valid underwriting agreement with the issuer, payment of fees, maintenance of capital adequacy requirements, and compliance with applicable regulations; certificates have a specified period of validity.
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.
Underwriter registration: certificate requirement, prescribed fees, and conditions govern underwriting activities and continuity after structural changes.
A new registration regime mandates holding a certificate of registration to act as an underwriter, while stock brokers and merchant bankers with registration under the Act may underwrite without a separate certificate but are otherwise governed by these regulations. Applications for registration and renewal must include a prescribed non refundable fee. Conditions of registration require prior Board approval for changes of status or constitution, a valid underwriting agreement with the issuer, payment of fees, maintenance of capital adequacy requirements, and compliance with applicable regulations; certificates have a specified period of validity.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
