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SEBI (Merchant Bankers) Regulations, 1992

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Questions and Answers

What is the purpose of Chapter IV in the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992?

To address the procedure for action in case of default
To define the registration process for merchant bankers
To outline the responsibilities of lead managers
To specify the procedure for inspection by the Board (correct)

Which section was omitted by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009?

Section 35
Section 36-43 (correct)
Section 24A
Section 28B

What is the purpose of Form C in Schedule I of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992?

Application for grant of certificate of initial/permanent registration
Omitted by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. (correct)
Certificate of initial/permanent registration
Format for half-yearly report to be submitted by merchant bankers

What is the main focus of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992?

Regulation of merchant banking activities (B) Signup and view all the answers

What does Section 28A of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 address?

Appointment of compliance officer (D) Signup and view all the answers

What is the criteria for determining a 'fit and proper person' as per the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992?

Experience in the securities market (B) Signup and view all the answers

Which regulation pertains to the capital adequacy requirement for merchant bankers under the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992?

Chapter I: Preliminary (B) Signup and view all the answers

What is the consequence of failure to pay the required fee for registration under the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992?

Cancellation of registration (D) Signup and view all the answers

Under which regulation is the code of conduct specified for merchant bankers according to the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992?

Chapter III: General obligations and responsibilities (B) Signup and view all the answers

What is the obligation related to the submission of half-yearly results for merchant bankers under the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992?

Submission within 30 days from the end of each half year (C) Signup and view all the answers

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Study Notes

Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992

The purpose of Chapter IV is to specify the requirements for registration of merchant bankers.

Registration and Eligibility

Section 28A addresses the criteria for determining a 'fit and proper person' for registration as a merchant banker.
The criteria include integrity, reputation, and fairness in business dealings.

Capital Adequacy

Regulation 7 pertains to the capital adequacy requirement for merchant bankers.

Registration Fees and Obligations

Failure to pay the required fee for registration results in refusal or rejection of the application.
Merchant bankers are obligated to submit half-yearly results.
Form C in Schedule I is used for submitting half-yearly results.

Code of Conduct

The code of conduct for merchant bankers is specified in Regulation 14.

Amendments and Omissions

Section 2A was omitted by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

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