https://www.taxtmi.com/notifications?id=135411 Registered stock brokers are permitted to act as underwriters and must enter written underwriting agreements with issuers detailing term, duties, obligation amounts, subscription timelines, commission and fulfilment arrangements. They must maintain prescribed books and records, including audited financials for corporate underwriters and receipts/payments and assets/liabilities for non-corporate underwriters, and retain records of agreements and subscribed amounts. Brokers must fund underwriting from their own net worth/funds as prescribed, limit aggregate underwriting obligations relative to net worth, subscribe to securities when called within the prescribed period, and comply with enhanced disclosure, conflict-of-interest, conduct, and market-integrity requirements. en-us Tue, 30 Mar 2021 00:00:00 +0530 Fri, 02 Apr 2021 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135411 Registered stock brokers are permitted to act as underwriters and must enter written underwriting agreements with issuers detailing term, duties, obligation amounts, subscription timelines, commission and fulfilment arrangements. They must maintain prescribed books and records, including audited financials for corporate underwriters and receipts/payments and assets/liabilities for non-corporate underwriters, and retain records of agreements and subscribed amounts. Brokers must fund underwriting from their own net worth/funds as prescribed, limit aggregate underwriting obligations relative to net worth, subscribe to securities when called within the prescribed period, and comply with enhanced disclosure, conflict-of-interest, conduct, and market-integrity requirements. Notifications SEBI Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135411