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

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....ome 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; (ab) "body corporate" shall have the meaning assigned to it in or under ....

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....ities 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 end shall be omitted. (ii) in regulation 3, after sub-regulation (1), the following sub-regulation shall be inserted, namely:- "(1A) An application for registration made under....

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.... 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 from the date of its issue." (v) in Schedule II - a. in paragraph 1, for the words "Rupees five lacs", the words "ten lakh rupees" shall be substituted; b. in paragraph 2, for the words and figures "Rs. 2.5 lacs", the words "five la....