Public offer banking activities expanded; SEBI registration now mandatory.

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Full Text of the Document

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....This notification amends the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994. It expands the definition of "bankers to an issue" to include providing escrow services, opening separate bank accounts for public offers, and other activities specified by SEBI. It mandates obtaining SEBI registration to act as a banker to an issue. The amendment aims to enhance regulatory oversight and streamline processes related to public issuances and corporate actions involving bankers.....