BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Certificate of Initial Registration for an underwriter with SEBI remains valid for how many years?
A
3
B
4
C
5
D
7
Explanation: 

Detailed explanation-1: -The certificate of registration granted under regulation 8 and its renewal granted under regulation 9, shall be valid for a period of three years from the date of its issue to the applicant.”

Detailed explanation-2: -Oct 08, 1993. 1. (1) These regulations may be called the Securities and Exchange Board of India (Underwriters) Rules, 1993. (2) They shall come into force on the date of their publication in the Official Gazette.

Detailed explanation-3: -(2) Notwithstanding anything contained in sub-regulation (1), every stock broker or merchant banker holding a valid certificate of registration under section 12 of the Act, shall be entitled to act as an underwriter without obtaining a separate certificate under these regulations.

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