2025-12-24

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

The Securities and Exchange Board of India issues these regulations to mandate registration for all entities engaging in merchant banking activities. The framework establishes distinct Category I and Category II classifications with specific capital adequacy and liquid net worth requirements for eligibility. Compliance is enforced through defined application procedures, fit and proper person criteria, and ongoing regulatory oversight by the Board.

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Securities and Exchange Board of India

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