Sep 30, 2020

SEBI’s Informal Guidance regarding Registration of Merchant Bankers as Registered Valuers

Under the SEBI (Merchant Bankers) Regulations, 1992 (‘MB Regulations’), merchant bankers registered with SEBI are allowed to carry out only securities market related businesses. Under the Companies (Registered Valuers and Valuation) Rules, 2017, with effect from October 18, 2017, only valuers registered with the Insolvency and Bankruptcy Board of India are allowed to issue valuation reports for the purposes of Companies Act, 2013. Through its informal guidance dated February 4, 2020 to Sundae Capital Advisors Private Limited, SEBI has clarified that Category I merchant bankers may obtain registration as registered valuers; however the assignments taken up by them should be restricted to activities allowed under the MB Regulations.

TAGS

SHARE

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.