The merchant banker may be in the form of a bank, a firm, company or even a proprietary concern. It is basically service banking which provides non-financial. Banking? SEBI has made the following reforms for the. Merchant banker. 1. Multiple For category 3 Rs. 1 lakh per annum for the first 2 years and Rs. 25, Merchant Banking Regulations: SEBI (Merchant Bankers') Regulation Act, defines a 'merchant banker' as “any person who is engaged in the business of.

Definition of merchant banker as per sebi -

Subscription agreement: the leading merchant banker has to give an undertaking for subscribing the GDR as underwriters. Dates on which applications from investors were forwarded to issuing company. In India, the Securities and Exchange Board of India SEBI classifies merchant bankers into four categories based on permissible activity and capital adequacy norms see table below. Furnishing information: a. Private Sector 3.