Regulation 9A - Conditions of registration - Securities and Exchange Board of India (Underwriters) Regulations, 1993

1 [Conditions of registration. 9A. (1) 2 [Registration granted under regulation 8] shall be subject to the following conditions, namely:- (a) where the underwriter proposes 3 [change in control], it shall obtain prior approval of the Board for continuing to act as such after the change; (b) it shall enter into a valid agreement with the body corporate on whose behalf it is acting as underwriter; (c) 4 [it shall pay the fees for registration, in the manner provided in these regulations;] (d) it shall maintain capital adequacy requirements specified in regulation 7 at all times during the period of the 5 [***]; (e) it shall abide by the regulations made under the Act in respect of the activities carried on by it as underwriter; 6 [(f) it shall immediately intimate the Board, details of changes that have taken place in the information that was submitted, while seeking registration.] (2) Nothing contained in clause (a) of sub-regulation (1) shall affect the obligation to obtain a fresh registration under section 12 of the Act in cases where it is applicable. ****** 1 Inserted by the SEBI (Underwriters) (Amendment) Regulations, 2006, w.e.f. 7-9-2006. 2 Substituted for the words Any 34[initial registration] granted under regulation 8 or any 34[permanent registration granted under regulation 8A by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to this the words initial registration were substituted for the word registration by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 3 Substituted for the words to change its status or constitution by the SEBI(Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2011, w.e.f. 19-4-2011. 4 Substituted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to this clause (c) read as under: (c) it shall pay the fees for 36[initial registration or permanent registration], as the case may be, in the manner provided in these regulations; Prior to this, the words initial registration or permanent registration were substituted for the words registration or renewal by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 5 The words initial or permanent were omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12- 2016. Prior to this the words initial or permanent were substituted for the words certificate or renewal thereof by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 6 Inserted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016.