Securities And Exchange Board Of India (Merchant Bankers) (Third Amendment) Regulations, 2006.

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....hall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992:- (i) in regulation 2 - a. after the opening part and before clause (b), the following clauses shall be inserted, namely:- "(a) "Act" means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (aa) "body corporate" shall have the meaning assigned to it in or under clause (7) of section 2 of the Companies Act, 1956 (1 of 1956); (ab) "certificate" means a certificate of registration issued by the Board; (ac) "change of status or constitution" in relation to a merchant banker - (i) means any change in its status or constitution of whatsoever nature; and (ii....

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....in the business of issue management either by making arrangements regarding selling, buying or subscribing to securities or acting as manager, consultant, adviser or rendering corporate advisory service in relation to such issue management." c. clause (e) shall be omitted; d. in clause (f), the words "and the rules" occurring after the words "defined in the Act" and the words "or the rules, as the case may be" occurring at the end shall be omitted; (ii) in regulation 3 - a. after sub-regulation (1), the following sub-regulation shall be inserted, namely:- "(1A) An application for registration made under sub-regulation (1) shall be accompanied by a non-refundable application fee as specified in Schedule II." b. in sub-regulation (2A), ....

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....of the complaints received; (d) it shall maintain capital adequacy requirements specified in regulation 7 at all times during the period of the certificate or renewal thereof; (e) it shall abide by the regulations made under the Act in respect of the activities carried on by it as merchant banker. (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. Period of validity of certificate 9B. The certificate of registration granted under regulation 8 and its renewal granted under regulation 9, shall be valid for a period of three years from the date of its issue to the applicant." (vi) in Schedule II - a. in paragr....

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....rities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1997 vide No. S.O. 837 (E); (e) on January 21, 1999 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1999 vide No. S.O. 74 (E). (f) on September 30, 1999 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1999 vide No. S.O. 799 (E). (g) on November 17, 1999 by Securities and Exchange Board of India (Merchant Bankers) (Second Amendment) Regulations, 1999 vide No. S.O. 1119 (E). (h) on March 28, 2000 by Securities and Exchange Board of India (Appeal to Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide No. S.O. 278 (E). (i) on May 29, 2001 by Securities and Exchange Board of....