Regulation 14 - Maintenance of books of account, records etc. - Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992

Maintenance of books of account, records etc. 14. (1) Every merchant banker shall keep and maintain the following books of account, records and documents namely:- (a) a copy of balance sheet as at the end of the each accounting period; (b) a copy of profit and loss account for that period; (c) a copy of the auditor s report on the accounts for that period 1 [;] (d) a statement of financial position. 2 [(e) Records and documents pertaining to due diligence exercised in pre-issue and post issue activities of issue management and in case of takeover, buyback and delisting of securities.] (2) Every merchant banker shall intimate to the Board the place where the books of account, records and documents are maintained. (3) Without prejudice to sub-regulation (1), every merchant banker shall, after the end of each accounting period furnish to the Board copies of the balance sheet, profit and loss account and such other documents for any other preceding five accounting years when required by the Board. 3 [ (4) Every merchant banker acting as an underwriter shall also maintain the following records with respect to- (i) details of all agreements entered with a body corporate on whose behalf it is acting as an underwriter; (ii) total amount of securities of each body corporate subscribed to in pursuance of an agreement; (iii) statement of capital adequacy requirements; (iv) such other records as may be specified by the Board from time to time. ] ************ NOTES:- 1 Substituted for the full stop by the Securities and Exchange Board of India (Merchant Bankers) (Second) (Amendment) Regulations, 2011 w.e.f. 16-08-2011. 2 Inserted by the Securities and Exchange Board of India (Merchant Bankers) (Second) (Amendment) Regulations, 2011 w.e.f. 16-08-2011. 3. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/13 dated 30-03-2021