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1. ROLE OF MERCHANT BANKER
• To help the industry to grow & survive
• To deal with emerging new problems of
corporate business world
• To keep pace with the changing environment
• Guiding wider section of community
possessing surplus money
• Win over the confidence & bridge
communication gap

2. QUALITIES OF MERCHANT BANKER
• KNOWLEDGE
• CAPITAL MARKET FAMILIARITY
• INNOVATION
• INTEGRITY
• LIASIONING ABILITY

3. MERCHANT BANKING
REGULATIONS
• Certificate from SEBI is a must.They are of four types:
• Category I merchant bankers : Can act as Issue managers
• Category II merchant bankers : can act only as co-managers
• Category III merchant bankers : can act as co-managers but cannot
undertake portfolio management
• Category IV merchant bankers :can merely act as consultant or advisor to
issue of capital
• CAPITAL ADEQUACY NORMS :
• Category I : Rs. 5 crores
• Category II : Rs.50 lakhs
• Category III : Rs.20 lakhs
• Category IV : Nil

4. Obligations and Responsibilites
• Books of Accounts
• Compulsory Registration
• Due diligence certificate
• Submission of documents
• Disclosure to SEBI
• Restriction on Business
• Capital Adequacy Requirement
• Abide by the code of conduct
• Act as lead manager

5. PROBLEMS
• Industry compartmentalization
• Malafide practices
• Regulations
• Capital adequacy norms
• Vast area
• Restrict scope of activities

6. • http://www.scribd.com/doc/51049445/10/Ob
ligations-and-responsibilities