Regulation 12 - Maintenance of books of account, records and the documents - Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994

CHAPTER III GENERAL OBLIGATIONS AND RESPONSIBILITIES Maintenance of books of account, records and the documents. 12. (1) Every banker to an issue shall maintain the following records with respect to :- (a) the number of applications received, the names of the investors, the dates on which the applications were received and the amount so received from the investors; (b) the time within which the applications received from the investors were forwarded to the body corporate or registrar to an issue, as the case may be; (c) dates and amount of refund monies paid to the investors; (d) dates, names and amount of dividend/interest warrant paid to the investors. (2) Every banker to an issue shall intimate to the Board the place where the records and documents mentioned in sub-regulation (1) are kept. (3) The banker to an issue shall preserve the records and documents specified in sub-regulation (1) for a minimum period of 1 [ eight ] years. ************** NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2018/16 dated 30-05-2018 before it was read as, three