https://www.taxtmi.com/acts?id=52398 Stock brokers may act as underwriters only using their own net worth/funds, must not derive benefits other than agreed commission or brokerage, and may not have total underwriting obligations exceeding twenty times their net worth. If called to subscribe under an underwriting agreement, they must do so within 45 days of intimation. Each underwriting engagement must be governed by a valid agreement specifying term, duties, amount of obligations, subscription period, commission, and any arrangements to fulfil obligations, and brokers must comply with applicable regulations under the Act. en-us Thu, 08 Jan 2026 11:44:17 +0530 Thu, 08 Jan 2026 11:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52398 Stock brokers may act as underwriters only using their own net worth/funds, must not derive benefits other than agreed commission or brokerage, and may not have total underwriting obligations exceeding twenty times their net worth. If called to subscribe under an underwriting agreement, they must do so within 45 days of intimation. Each underwriting engagement must be governed by a valid agreement specifying term, duties, amount of obligations, subscription period, commission, and any arrangements to fulfil obligations, and brokers must comply with applicable regulations under the Act. Act-Rules SEBI Thu, 08 Jan 2026 11:44:17 +0530 https://www.taxtmi.com/acts?id=52398