Conditions of registration

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.... of the complaint ^11[****]; ^13[(d) it shall maintain capital adequacy requirements specified in regulation 7 at all times;] ^14[(da) it shall maintain liquid net worth requirements specified in regulation 7A at all times;] (e) it shall abide by the regulations made under the Act in respect of the activities carried on by it as merchant banker. ^12[(f) it shall intimate the Board of the details of any change in information submitted while seeking registration within seven working days of such change ^15[;]] ^7[(g) where the merchant banker is acting as an underwriter, it shall enter into a valid agreement with the body corporate on whose behalf it is acting as an underwriter and shall abide by t....

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....thin such time as may be specified by the Board.] (2) Nothing contained in clause (a) of sub-regulation (1) shall affect the obligation to obtain a fresh registration under section 12 of the Act in cases where it is applicable.     ************ NOTES:- 1 Inserted by the Securities and Exchange Board of India (Merchant Bankers) (Third Amendment) Regulations, 2006. w.e.f. 7-9-2006. 2 Substituted for the words ―Any ^2[initial registration] granted under regulation 8 or any 31[permanent registration granted under regulation 8A by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. Prior to the abo....

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....reof" by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2011 w.e.f. 05-07-2011. 6 Inserted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. 7. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/13 dated 30-03-2021 8. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/146 dated 16-08-2023 before it was read as, "one month" 9. Substituted vide F. No. SEBI/LAD-NRO/GN/2024/214 dated 29-11-2024 before it was read as, "adequate" 10. Inserted vide F. No. SEBI/LAD-NRO/GN/2024/214 dated 29-11-2024 11. Omitted vide F. No. SEBI/LAD-NRO/GN/2024/214 dated 29....