Application procedure for registration/renewal as Merchant Banker - SEBI - PMD/MBD/AK/24351/2002

Circulars SECURITIES AND EXCHANGE BOARD OF INDIA PRIMARY MARKET DEPARTMENT MITTAL COURT, A WING, GROUND FLOOR NARIMAN POINT, MUMBAI - 400 021. TEL NO. : 22850451- 56/ 22880962-70 FAX NO. :2204 5633 PRIMARY MARKET DEPARTMENT PMD/MBD/AK/24351/2002 December 16, 2002 SEBI/RMB Circular No. 3(2002-2003)/MB To all registered Merchant Bankers Dear Sirs, Sub.: Application procedure for registration/renewal as Merchant Banker. An applicant is required to furnish the application in Form A as specified in SEBI (Merchant Bankers) Rules Regulation, 1992, to SEBI for registration/ renewal as a Merchant Banker. On receipt of Form A , SEBI asks for more information for further processing. The information asked therein is very detailed and is also required to be supported by the relevant supporting documents. It has been our experience that the applicants take a few months to furnish full information. Quite often processing of registration/renewal applications gets delayed for want of complete information. SEBI, in its endeavor, to make processing of application for registration/renewal simpler, speedier and effective, advise all the existing/prospective 'Merchant Bankers' to note the following: 1) All entities desirous to be registered as Merchant Bankers and all registered Merchant Bankers desirous of renewing their registration as Merchant Banker, are required to furnish all the information as specified in 'Additional Information', available on SEBI website www.sebi.gov.in, alongwith 'Form A'. 2) The information submitted to SEBI at the time of registration/renewal application, shall be full and complete in all respects, otherwise it may delay processing of the registration/renewal application. This circular shall come into force with immediate effect. Yours faithfully, NEELAM BHARDWAJ DIVISION CHIEF