https://www.taxtmi.com/acts?id=35535 Regulation 7 makes minimum net worth the capital-adequacy condition linked to registration as a merchant banker under clause (d) of regulation 6. A Category I merchant banker must maintain net worth of not less than fifty crore rupees, while Category II must maintain not less than ten crore rupees. Merchant bankers already holding registration certificates must meet the requirement within the manner and time specified by the Board. A merchant banker below the applicable minimum cannot undertake fresh permitted activity until compliance is achieved. en-us Thu, 24 Jan 2019 13:25:42 +0530 Thu, 22 Oct 2026 16:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35535 Regulation 7 makes minimum net worth the capital-adequacy condition linked to registration as a merchant banker under clause (d) of regulation 6. A Category I merchant banker must maintain net worth of not less than fifty crore rupees, while Category II must maintain not less than ten crore rupees. Merchant bankers already holding registration certificates must meet the requirement within the manner and time specified by the Board. A merchant banker below the applicable minimum cannot undertake fresh permitted activity until compliance is achieved. Act-Rules SEBI Thu, 24 Jan 2019 13:25:42 +0530 https://www.taxtmi.com/acts?id=35535