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    <title>Specification of the consequential requirements with respect to Amendment of Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992</title>
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    <description>Amendments enact revised capital adequacy and a new liquid net worth requirement effective January 3, 2026; applicants after that date must meet the revised requirements at application, while existing MBs must adopt phased compliance by January 2, 2027 and January 2, 2028 with CA certified net worth (including liquid net worth) filings and half yearly CA certification of continuous maintenance.</description>
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