Repeal of the SEBI (Underwriters) Regulations, 1993

In order to permit merchant bankers and stock brokers to carry out underwriting activities, SEBI has amended the SEBI (Merchant Bankers) Regulations, 1993 and SEBI (Stock Brokers) Regulations, 1992 to incorporate provisions related to net-worth, maintenance of records and other compliances for underwriting activities. In view of this, SEBI has repealed the existing regulations on underwriting activities.

Published In:Inter Alia - Quarterly Edition - March 2021 [ English Chinese japanese ]
Date: March 31, 2021