Securities and Exchange Board of India (Underwriters), Rules, 1993.

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..... erred 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 (Underwriters), Rules, 1993. (2) They shall come into force on the date of their publication in the Official Gazette 2. Definitions. - .....

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..... ;underwriter" means a person who engages in the business of underwriting of an issue of securities of a body corporate; (g) "underwriting" means an agreement with or without conditions to subscribe to the securities of a body corporate when the existing shareholders of such body corporate or the public do not subscribe to the securities offered to them. 3. Not to act as underwrite .....

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..... t or renew of certificate to underwriter. -The Board may grant or renew a certificate to an underwriter subject to the following conditions, namely :- (a) in case of any change in the status and constitution, the underwriter shall obtain prior permission of the Board to continue to act as underwriter; (b) without prejudice to the obligations under any other law, the underwriter shall enter into .....

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