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TMI BlogSecurities And Exchange Board Of India (Bankers To An Issue) (Amendment) Regulations, 2011X X X X Extracts X X X X X X X X Extracts X X X X ..... the Securities and Exchange Board of India (Bankers to an Issue) (Amendment) Regulations, 2011. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In regulation 2, in clause (ac), after the word certificate of and before the words registration issued by the Board the words initial or permanent shall be inserted. 4. In regulation 3, (i) in the marginal note, after the word certificate the words of initial registration shall be inserted; (ii) in sub-regulation (1), after the word certificate and before the words as banker to an issue the words of initial registration shall be inserted. 5. Regulation 7 shall be substituted as follows, namely: 7. Grant of certific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f initial registration, make an application for grant of a certificate of permanent registration in Form A. (2) The banker to an issue who has already been granted a certificate of registration by the Board and has completed a period of five years, on the date of commencement of the Securities and Exchange Board of India (Bankers to an Issue) (Amendment) Regulations 2011, may, three months before the expiry of validity of certificate of registration or before, make an application for grant of a certificate of permanent registration in Form A. (3) An application under sub-regulation (1) or sub-regulation (2) shall be accompanied by non-refundable application fee as specified in Schedule II of these regulations. (4) The application f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder regulation 3 or of renewal under regulation 8 shall be substituted with the words and figures of initial registration under regulation 3 or of permanent registration under regulation 7A ; ii. in sub-regulation (2), the words refusal to grant or renew registration shall be substituted with the words refusal to grant initial or permanent registration, as the case may be, . 11. Regulation 10 shall be substituted with the following, namely: - 10. Effect of refusal to grant certificate of permanent registration. A banker to an issue whose application for grant of certificate of permanent registration has been refused by the Board, on and from the date of the receipt of the communication, shall cease to carry on any activ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1. Every banker to an issue shall pay fees of thirteen lakh thirty three thousand and three hundred rupees at the time of grant of certificate of initial registration. 1A. A banker to an issue referred to under sub-regulation (3) of regulation 7, shall pay fee for the remaining period of two years on pro rata basis of the fees prescribed under paragraph 2. 2. A banker to an issue who has been granted a certificate of permanent registration, to keep its registration in force, shall pay fees of five lakh rupees every three years from the sixth year from the date of grant of certificate of initial registration, or from completion of the period of renewed certificate of registration, as the case may be. ii. in paragraph 3, a. afte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to an Issue) Regulations, 1994 was subsequently amended on : (a) November 28, 1995 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 1995 vide No. S.O. 939(E); (b) January 5, 1998 by Securities Exchange Board of India (Bankers to an Issue) (Amendment) Regulations, 1998 vide No. S.O. 15(E). (c) September 30, 1999 by the Securities and Exchange Board of I0ndia (Bankers to an Issue) (Amendment) Regulations, 1999 No. S.O. 800(E). (d) March 28, 2000 by the Securities and Board of India (Appeal to Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide No. S.O. 278(E). (e) May 29, 2001 by Securities and Exchange Board of India (Investment Advice by Intermediaries) (Amendm ..... X X X X Extracts X X X X X X X X Extracts X X X X
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