https://www.taxtmi.com/notifications?id=144444 The amendments create Category I and Category II registration for merchant bankers, specify a principal officer definition, and restrict eligible applicant forms. They impose capital adequacy minimum net worth (Rs.50 crore Category I; Rs.10 crore Category II) and a new liquid net worth requirement (Rs.12.5 crore Category I; Rs.2.5 crore Category II), prohibit fresh permitted activities until compliance, cap underwriting relative to liquid net worth, ban outsourcing of core activities, bar lead-managing own issues and certain conflicted issues, require certification and independence for compliance officers, mandate eight-year records retention and in India data storage, and update application forms and reporting obligations. en-us Wed, 03 Dec 2025 00:00:00 +0530 Sat, 06 Dec 2025 11:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=144444 The amendments create Category I and Category II registration for merchant bankers, specify a principal officer definition, and restrict eligible applicant forms. They impose capital adequacy minimum net worth (Rs.50 crore Category I; Rs.10 crore Category II) and a new liquid net worth requirement (Rs.12.5 crore Category I; Rs.2.5 crore Category II), prohibit fresh permitted activities until compliance, cap underwriting relative to liquid net worth, ban outsourcing of core activities, bar lead-managing own issues and certain conflicted issues, require certification and independence for compliance officers, mandate eight-year records retention and in India data storage, and update application forms and reporting obligations. Notifications SEBI Wed, 03 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/notifications?id=144444