BANKING AFFAIRS

Detailed explanation-1: -Which of the following acts regulates the underwriting process in India? Securities and Exchanges Board of India (Underwriters) Regulations, 1993.

Detailed explanation-2: -Which of the following acts regulates the underwriting process in India? Notes: The underwriter must get a certificate of registration under the Securities and Exchanges Board of India (Underwriters) Regulations, 1993.

Detailed explanation-3: -The SEBI (Underwriters) Rules and Regulations, 1993 deals primarily with issues such as registration, capital adequacy, obligation and responsibilities of the underwriters. The provisions of SEBI (Underwriters) Rules and Regulations, 1993 (“Regulations”) were notified on October 8, 1993.

Detailed explanation-4: -To act as a professional underwriter in the market, the aspiring applicant needs to get a license or registration under the SEBI. Underwriting has to be performed under the guidelines established by SEBI under the Securities and Exchange Board of India (Underwriters) Regulations laid in 1993.

Detailed explanation-5: -What is Underwriting? In investment banking, underwriting is the process where a bank raises capital for a client (corporation, institution, or government) from investors in the form of equity or debt securities.