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of <h1>SEBI Underwriters Rules, 1993: Certificate Required for Underwriters, Valid for 3 Years, with Specific Conditions and Exceptions.</h1> The Securities and Exchange Board of India (Underwriters) Rules, 1993, established by the Central Government under the Securities and Exchange Board of India Act, 1992, outline the regulatory framework for underwriters. Key provisions include the requirement for underwriters to hold a certificate of registration issued by the Board, with exceptions for certain stock brokers and merchant bankers. Conditions for granting or renewing a certificate include obtaining prior permission for changes in status, entering into agreements with corporate bodies, and adhering to fee and regulatory obligations. Certificates are valid for three years from issuance.
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