TMI BlogConsideration of applicationX X X X Extracts X X X X X X X X Extracts X X X X ..... cant complies with the following requirements, namely:- 1 [(a) the applicant shall be a body corporate other than a non-banking financial company as defined under clause (f) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934), as amended from time to time : 2 [Provided that the merchant banker who has been granted registration by the Reserve Bank of India to act as a pri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plicant fulfils the capital adequacy requirement specified in regulation 7; (e) The applicant, his partner, director or principal officer is not involved in any litigation connected with the securities market which has an adverse bearing on the business of the applicant; (f) The applicant, his director, partner or principal officer has not at any time been convicted for any offence involving ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rchant Bankers) (Amendment) Regulations, 1997 w.e.f., 09.12.1997. 4 Clause (gg) to regulation 6 was inserted by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1997 w.e.f., 09.12.1997 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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