Regulation 28 - Disclosures to the Board - Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992

Disclosures to the Board 28 1 [(1)] A merchant banker shall disclose to the Board, as and when required, the following information, namely:- (i) his responsibilities with regard to the management of the issue; (ii) any change in the information or particulars previously furnished, which have a bearing on the certificate granted to it; (iii) the names of the body corporate whose issues he has managed or has been associated with; (iv) the particulars relating to the breach of the capital adequacy requirement as specified in regulation 7; (v) relating to his activities as a manager, underwriter, consultant or adviser to an issue, as the case may be. 2 [{(2) The merchant banker shall submit a periodic report in such manner as may be specified by the Board from time to time}] ************* NOTES:- 1 Inserted by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, w. e. f., 26-08-2009. 2 Substituted by the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2012 w.e.f. 29.03.2012. Prior to this sub- regulation, which was inserted by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, w. e. f., 26-08-2009, read as under : The merchant banker shall submit a half yearly report for the period ending with 31st March and 30th September of every year, in the format specified in schedule IV, within three months from the close of the period to which it corresponds.