Consideration of application

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..... omplies with the following requirements, namely:- 1 [(a) the applicant shall be a body corporate other than a non-banking financial company as defined under clause (f) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934), as amended from time to time : 2 [Provided that the merchant banker who has been granted registration by the Reserve Bank of India to act as a primary or satellite .....

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..... ement specified in regulation 7; (e) The applicant, his partner, director or principal officer is not involved in any litigation connected with the securities market which has an adverse bearing on the business of the applicant; (f) The applicant, his director, partner or principal officer has not at any time been convicted for any offence involving moral turpitude or has been found guilty of any .....

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