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SECURITIES AND EXCHANGE BOARD OF INDIA
PRIMARY MARKET DEPARTMENT
MITTAL COURT, ‘A’ WING, GROUND FLOOR
NARIMAN POINT, MUMBAI – 400 021.
TEL NO. : 22850451- 56/ 22880962-70 FAX NO. :2204 5633

PRIMARY MARKET DEPARTMENT

PMD/MBD/AK/24351/2002
December 16, 2002

SEBI/RMB Circular No. 3(2002-2003)/MB

To all registered Merchant Bankers

Dear Sirs,

Sub.: Application procedure for registration/renewal as Merchant Banker.

An applicant is required to furnish the application in Form A as specified in SEBI (Merchant Bankers) Rules & Regulation, 1992, to SEBI for registration/ renewal as a Merchant Banker. On receipt of ‘Form A’, SEBI asks for more information for further processing. The information asked therein is very detailed and is also required to be supported by the relevant supporting documents. It has been our experience that the applicants take a few months to furnish full information. Quite often processing of registration/renewal applications gets delayed for want of complete information.

SEBI, in its endeavor, to make processing of application for registration/renewal simpler, speedier and effective, advise all the existing/prospective ‘Merchant Bankers’ to note the following:

1. All entities desirous to be registered as Merchant Bankers and all registered Merchant Bankers desirous of renewing their registration as Merchant Banker, are required to furnish all the information as specified in ‘Additional Information’, available on SEBI website www.sebi.gov.in, alongwith ‘Form A’.

2. The information submitted to SEBI at the time of registration/renewal application, shall be full and complete in all respects, otherwise it may delay processing of the registration/renewal application.

This circular shall come into force with immediate effect.

Yours faithfully,

NEELAM BHARDWAJ

DIVISION CHIEF

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