BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SEBI
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IRDA
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RBI
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Ministry of Finance
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Detailed explanation-1: -The SEBI or Securities and Exchange Board of India is the regulatory authority for Merchant Banking in India. The law which regulates the activities of the Merchant Bank in India is the SEBI (Merchant Bankers) Regulations 1992. For setting up a Merchant Bank, the concerned individual has to approach the SEBI.
Detailed explanation-2: -Yes. As per regulation 9A of SEBI (Merchant Bankers) Regulations, 1992, change in control shall affect the obligation to obtain a fresh registration under section 12 of the SEBI Act, 1992. Further, a Merchant Banker is required to obtain fresh certificate of registration within a period of six months.
Detailed explanation-3: -SECURITIES AND EXCHANGE BOARD OF INDIA (MERCHANT BANKERS) (THIRD AMENDMENT)
Detailed explanation-4: -SEBI will give authorization for a merchant banker to operate for 3 years only. Without SEBI’s authorization, merchant bankers cannot operate. 2. The minimum net worth of merchant banker should be Rs.
Detailed explanation-5: -SEBI | Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 [Last amended on August 03, 2021]