TaxTMI 
TaxTMI 
TaxTMI 
Merchant banker not to associate with any business other than that of the securities market
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....xchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; b. buy-back under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018; c. delisting under the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021; d. compliances as may be required under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 in respect of any scheme of arrangement; e. implementation of a scheme under the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021; and f. advisory or consulting services incidental to the activities specified in clauses (a) t....
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....issued by such financial sector regulator or authority; and/or iii. activities that do not fall under the purview of the Board or any other financial sector regulator or authority, which shall be fee-based, non-fund based and pertain to the financial services sector; on an arms-length basis through separate business units of such merchant banker, in such manner and subject to such other conditions as may be specified by the Board: Provided that a person which is regulated by the Reserve Bank of India and which holds a certificate of registration under these regulations shall undertake the activities specified under sub-regulation (1) through separate business unit: Provided further that a merchant banker that already holds a certificat....
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....Merchant Bankers) (Amendment) Regulations, 2025.] ************** NOTES:- 1 Inserted by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1997 w.e.f, 09.12.1997. 2 Substituted for the words "Financial Institution" by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1997 w.e.f. 15.12.1997. 3 Words ―after June 30th, 1998" inserted by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1998 w.e.f, 21-01-1998. 4 Proviso to regulation 13A was inserted by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1999 w.e.f, 17.11.1999. 5 Proviso to regulation 13A was inserted b....
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....ion of the Securities and Exchange Board of India (Merchant Bankers) Amendment Regulations, 1997, has entered into a contract in respect of a business other than that of the securities market may, if 6[it] so desires, discharge 7[its] obligations under such contract: 4[Provided that a merchant banker who has been granted certificate of registration to act .as primary or satellite dealer by Reserve Bank of India, may carry on such business as may be permitted by the Reserve Bank of India.] 8[Provided further that a merchant banker, that has been granted a certificate of registration under these regulations, shall ensure market making in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requiremen....