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of <h1>SEBI Amends Bankers to an Issue Regulations: New 'Fit and Proper Person' Clause Added to Regulation 6.</h1> The Securities and Exchange Board of India (SEBI) issued an amendment to the Bankers to an Issue Regulations, 1994, effective upon publication in the Official Gazette. The amendment, dated January 5, 1998, introduces a new clause in regulation 6, requiring applicants to be deemed 'fit and proper persons.' This change aims to enhance the criteria for eligibility as a banker to an issue. The principal regulation was initially published in July 1994 and amended in November 1995. The notification was signed by the SEBI Chairman.
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