Merchant banking involves a wide set of banking activities such as trading in securities, underwriting security issuances (e.g. an IPO), undertaking valuation of businesses etc. Merchant banking can also be pursued by entities other than banks. A merchant banking company would need to fulfill the following criteria: · It should be registered with SEBI under section 12 of the SEBI Act 1992 · It should conduct the business of merchant banking in accordance with rules or regulations framed by SEBI · It should acquire securities only as part of its merchant banking activities · It should not be engaged in any other financial activities as mentioned in section 45I(c) of the RBI Act 1934 · It should not accept or hold public deposits
What penalty did the RBI impose on HDFC Bank for violating recovery agent engagement guidelines?
Biju Patnaik International Airport is situated at
The 13th National Seed Congress, organized in collaboration with the International Rice Research Institute, will focus on:
Buxa National Park is located in which state of India?
Warren Hasting became the first Governor General of India in which of the following years?
Which of the following metals is used along with iron to make 'Spotless Stainless Steel'?
Under which scheme, a free scholarship is provided to two children of a beneficiary studying between 9th and 12th standards?
The Harshacharita is a biography of Harshavardhana, the ruler of Kannauj, composed in Sanskrit by his court poet, _____.
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What is the theme of this year's annual meeting of World Economic Forum in Davos?
Which is not a component of central sector umbrella scheme Pradhan Mantri Kisan Sampada Yojana?
