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TMI BlogSecurities And Exchange Board Of India (Merchant Bankers) (Third Amendment) Regulations, 2006.X X X X Extracts X X X X X X X X Extracts X X X X ..... Regulations, 2006. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992:- (i) in regulation 2 a. after the opening part and before clause (b), the following clauses shall be inserted, namely:- (a) Act means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (aa) body corporate shall have the meaning assigned to it in or under clause (7) of section 2 of the Companies Act, 1956 (1 of 1956); (ab) certificate means a certificate of registration issued by the Board; (ac) change of status or constitution in relation to a merchant banker - (i) means any change in its ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... persons through a merchant banker; (cb) merchant banker means any person who is engaged in the business of issue management either by making arrangements regarding selling, buying or subscribing to securities or acting as manager, consultant, adviser or rendering corporate advisory service in relation to such issue management. c. clause (e) shall be omitted; d. in clause (f), the words and the rules occurring after the words defined in the Act and the words or the rules, as the case may be occurring at the end shall be omitted; (ii) in regulation 3 a. after sub-regulation (1), the following sub-regulation shall be inserted, namely:- (1A) An application for registration made under sub-regulation (1) shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e investors within one month of the date of the receipt of the complaint and keep the Board informed about the number, nature and other particulars of the complaints received; (d) it shall maintain capital adequacy requirements specified in regulation 7 at all times during the period of the certificate or renewal thereof; (e) it shall abide by the regulations made under the Act in respect of the activities carried on by it as merchant banker. (2) Nothing contained in clause (a) of sub-regulation (1) shall affect the obligation to obtain a fresh registration under section 12 of the Act in cases where it is applicable. Period of validity of certificate 9B. The certificate of registration granted under regulation 8 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment) Regulations, 1995 vide No. S.O. 939 (E); (c) on June 6, 1996 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1996 vide F.No. SEBI/LE-I/9/95; (d) on December 9, 1997 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1997 vide No. S.O. 837 (E); (e) on January 21, 1999 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1999 vide No. S.O. 74 (E). (f) on September 30, 1999 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1999 vide No. S.O. 799 (E). (g) on November 17, 1999 by Securities and Exchange Board of India (Merchant Bankers) (Second Amendment) Regulations, 1999 vi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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