Consideration of application

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....uirements, namely:- 1[(a) the applicant shall be a body corporate other than a non-banking financial company as defined under clause (f) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934), as amended from time to time : 2[Provided that the merchant banker who has been granted registration by the Reserve Bank of India to act as a primary or satellite dealer may carry on such act....

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....ot; means any person being an associate, subsidiary or inter-connected or group company of the applicant in case of the applicant being a body corporate; (d) The applicant fulfils the capital adequacy requirement specified in regulation 7; (e) The applicant, 10[its] partner, director or principal officer is not involved in any litigation connected with the securities market which has an advers....

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....rities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1997 w.e.f., 09.12.1997. 4 Clause (gg) to regulation 6 was inserted by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1997 w.e.f., 09.12.1997 5. Omitted vide F. No. SEBI/LAD-NRO/GN/2024/214 dated 29-11-2024 before it was read as, "for considering the grant of a certific....