Capital adequacy requirement

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....banker, and (ii) ten crore rupees for Category II merchant banker: Provided that the capital adequacy requirement for a merchant banker that already holds a certificate of registration under these regulations shall be complied with, in the manner and within such time, as may be specified by the Board. (2) A merchant banker that fails to meet the minimum net worth require....

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.... regulation (7) read as ― Capital Adequacy Requirement 7. (1) The capital adequacy requirement referred to in sub- regulation (d) of regulation 6 shall not be less than the net worth of the person making the application for grant of registration. (2) For the purposes of sub- regulation (1), the networth shall be as follows, namely: - Category Minimum Amount Category I *[....