SEBI (MERCHANT BANKERS) REGULATIONS, 1992 COMPLIANCE CHECKLIST

Whether The Steps taken Justify

Statutory Compliance/ Time Frame Company has to rectify the action/non-
Provision Relevant Document accomplished non- action/Remarks
this parameter? compliance
Yes No N/A
Regulation Where the merchant Prior to
9A(1)(a) banker proposes to such change
change its status or
constitution, (i.e
change pursuant to
Section 391 of
Companies Act, 1956
or change in
Managing Director or
Whole Time Director
or change in
control)it shall
obtain prior approval
of the Board for
continuing to act as
such after the change
Regulation Redressal of Within One
9A(1)(c) grievances of the Month
investors within
one month of the
date of the receipt of
the complaint and
keep the Board
informed about the
number, nature and
other particulars of
the complaints
received;
Regulation Every merchant
14(1) banker shall keep
and maintain the
following books of
account, records and
documents namely :
—
(a) a copy of balance
sheet as at the end of
the each accounting
period;