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<h1>SEBI Updates Merchant Bankers Regulations: New Definitions, Underwriting Clauses, and Compliance Standards Aligned with Companies Act, 2013.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Merchant Bankers Regulations, 1992, effective upon publication in the Official Gazette. Key changes include updates to definitions aligning with the Companies Act, 2013, and the introduction of clauses defining 'underwriter' and 'underwriting.' New requirements mandate merchant bankers acting as underwriters to enter agreements with corporate bodies, maintain specific records, and adhere to capital adequacy standards. The amendments also address insider trading, misrepresentation, and unfair competition. Additionally, updated regulations specify the responsibilities and limitations of merchant bankers in underwriting activities.