- Your research paper is written by certified writers
- Your requirements and targets are always met
- You are able to control the progress of your writing assignment
- You get a chance to become an excellent student!
It is an organization that underwrites corporate securities, provides advisory services to its clients.
What is Merchant Banking?
Merchant bankers facilitate issue process and their activities are termed as merchant banking ‘Essentially, Merchant banking is what merchant bankers do.’
Merchant Banking As per RBI
A merchant banking company has been exempted from the provisions of Section 45-IA [Requirement of registration and net owned fund], Section 45-IB [Maintenance of liquid assets] and 45-IC [Creation of Reserve Fund] of the RBI Act, 1934 ,  Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 and  Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 subject to compliance with the following conditions:
(a) It is registered with the Securities and Exchange Board of India as a Merchant Banker under Section 12 of the Securities and Exchange Board of India Act, 1992 and is carrying on the business of merchant Banker in accordance with the Securities and Exchange Board of India Merchant Banking (Rules) 1992 and Securities and Exchange Board of India Merchant Banking (Regulations) 1992;
(b) acquires securities only as a part of its merchant banking business;
(c) does not carry on any other financial activity referred to in Section 45I(c) of the RBI Act, 1934; and does not accept or hold public deposits as defined in paragraph 2(1)(xii) of the Notification No...
Calculate a fair price for your order
Do you need an essay?
Do you need many essays?
Common topics in this essay:
- THE INTERNET BANKING PROJECT IN INDUSTRIAL AND COMMERCIAL BANK OF CHINA (SHANGHAI)
- Bank Accounting Information System And Electronic Banking
- Commercial Bank of Africa Case study MGT 501
- Commercial bank
- Infosys and National commercial bank, Jamaica
- SAUDI HOLLANDI BANK ? MARKETING IN THE FACE OF CHANGING BANKING NEEDS
- state bank of india
- The Aquisition Of Commerce Bank By Td Bank North
- Branches of the Government
- Reserve Bank Of India-Monetary Policy
- The Branches of the government
- Branches Of Government
- prime bank internet banking
- Aperio branches
Feedback of people who used our services.
I am happy with the results your company gives. ManyEssays.com is the best place for essays!
7 pages / 1933 words
3 pages / 745 words
1 pages / 217 words
1 pages / 241 words
2 pages / 437 words
4 pages / 1083 words
3 pages / 682 words