Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2021.

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....ia (Merchant Bankers) (Amendment) Regulations, 2021. 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 (Merchant Bankers) Regulations, 1992, - I. In regulation 2, i. in clause (aa), the words and symbols "clause (7) of section 2 of the Companies Act, 1956 (1 of 1956)" shall be replaced with the words and symbols "clause (11) of section 2 of the Companies Act, 2013 (18 of 2013)". ii. in clause (ad), in sub-clause (i), the words and symbols "regulation 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997" shall be replaced with the words and symbols "regulations framed under clause (h)....

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.... sub-regulation shall be inserted, namely─ "(4) Every merchant banker acting as an underwriter shall also maintain the following records with respect to- (i) details of all agreements entered with a body corporate on whose behalf it is acting as an underwriter; (ii) total amount of securities of each body corporate subscribed to in pursuance of an agreement; (iii) statement of capital adequacy requirements; (iv) such other records as may be specified by the Board from time to time." V. In regulation 22, the words and symbols "Chapter XA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009" shall be replaced with the words and symbols "Chapter VIII of the Securities a....

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....eing called upon to subscribe for securities of a body corporate pursuant to an agreement for underwriting, shall subscribe to such securities within 45 days of the receipt of such intimation from such body corporate." VII. In schedule III, after clause 32, the following new clauses shall be inserted, namely- "33. A merchant banker or any of its directors, partners or manager having the management of the whole or substantially the whole of affairs of the business, shall not either through its account or their respective accounts or through their associates or family members, relatives or friends indulge in any insider trading. 34. A merchant banker acting as an underwriter shall not make any statement, either oral or written, which wou....

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....xchange Board of India (Merchant Bankers) Amendment Regulations, 1997 vide No. S. O. 869(E); vi. on January 21, 1998 by the Securities and Exchange Board of India (Merchant Bankers) Amendment Regulations, 1998 vide No. S.O. 74 (E); vii. on September 30, 1999 by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1999 vide No. S.O. 799 (E); viii. on November 17, 1999 by the Securities and Exchange Board of India (Merchant Bankers) (Second Amendment) Regulations, 1999 vide No. S.O. 1119 (E); ix. on March 28, 2000 by the Securities and Exchange Board of India (Appeal to the Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide No. S.O. 278 (E); x. on May 29, 2001 by the Securities and Exchang....

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....gust 26, 2009 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 vide Notification No. LAD/ NRO/GN/2009-10/15/174471; xxi. on April 13, 2010 by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2010 vide Notification No. LAD-NRO/GN/2010-11/04/1109; xxii. on April 19, 2011 by the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2011 vide Notification No. LAD/ NRO/GN/ 2011-12/03/12650; xxiii. on July 5, 2011 by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2011 vide Notification No. LAD-NRO/GN/2011-12/09/21233; xxiv. on Augu....