Securities and Exchange Board of India (Bankers to an issue) Rules, 1994.

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....the powers conferred by section 29 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Central Government hereby makes the following rules, namely :- 1. Short title and commencement - (1) These rules may be called the Securities and Exchange Board of India (Bankers to an issue) Rules, 1994. (2) They shall come into force on the date of their publication in the Official Gaze....

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....) of rule 2 of the Securities and Exchange Board of India (Merchant Bankers) Rules, 1992. (f) "regulations" means the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994 ; (g) "scheduled bank" means a bank included in the second schedule of the Reserve Bank of India Act, 1934 (2 of 1934). 3. No person can act as banker to an issue without registrat....

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.... a banker to an issue ; (b) he shall pay the amount of fees for registration in the manner provided in the regulations ; (c) he shall take adequate steps for redressal of grievances of the investors within one month of the date of the receipt of the complaints and he shall keep the Board informed about the number, nature and other particulars of the complaints received and the manner in which su....