https://www.taxtmi.com/circulars?id=61078 Circular permits separate merchant banker registration for group entities where each is a separate legal person, has independent Boards (no majority common directors), operates at arm's length, maintains distinct key personnel and infrastructure, and retains independent regulatory controls; it also provides that suspension or cancellation of one entity's registration may invite regulatory action against other registered group entities. 'Group' is defined by common control (alone or with relatives), same management per the Companies Act, or direct/indirect control, with 'control' as defined in the Takeovers Regulations. en-us Tue, 17 Sep 2002 00:00:00 +0530 Wed, 22 May 2019 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61078 Circular permits separate merchant banker registration for group entities where each is a separate legal person, has independent Boards (no majority common directors), operates at arm's length, maintains distinct key personnel and infrastructure, and retains independent regulatory controls; it also provides that suspension or cancellation of one entity's registration may invite regulatory action against other registered group entities. 'Group' is defined by common control (alone or with relatives), same management per the Companies Act, or direct/indirect control, with 'control' as defined in the Takeovers Regulations. Circulars SEBI Tue, 17 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61078