Securities And Exchange Board Of India (Bankers To An Issue) (Amendment) Regulations, 2006.

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...., 2006. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994:- (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) "banker to an issue" means a scheduled bank carrying on all or any of the following activities, namely:- (i) acceptance of application and application monies; (ii) acceptance of allotment or call monies; (iii) refund of application monies; (iv) payment of dividend or interest warrants; ....

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....hts in the body corporate;" b. after clause (c), the following clause shall be inserted, namely:- "(ca) "issue" means an offer of sale or purchase of securities by any body corporate or by any other person or group of persons on his or its or their behalf, as the case may be, to or from the public, or the holders of securities of such body corporate or person or group of persons;" c. clause (e) shall be substituted with the following, namely:- "(e) "scheduled bank" means a bank included in the Second Schedule of the Reserve Bank of India Act, 1934 (2 of 1934); 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....

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.... of the investors within one month of the date of the receipt of the complaint and keep the Board informed about the number, nature and other particulars of the complaints received and the manner in which such complaints have been redressed; (e) it shall abide by the regulations made under the Act in respect of the activities carried on by it as banker to an issue. (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 8B. The certificate of registration granted under regulation 7 and its renewal granted under regulation 8, shall be valid for a period of three years fr....