Business Ethics and Corporate Governance, Second Edition

REGISTRATION OF INTERMEDIARIES

Different intermediaries mentioned above can commence functioning in their respective activities only after registration with the SEBI and complying with requirements as stated under specific regulations intended for each.

1. No stock-broker, sub-broker, share transfer agent, banker to an issue, trustee of trust deed, registrar to an issue, merchant banker, underwriter, portfolio manager, investment adviser, and such other intermediary who may be associated with securities market shall buy, sell or deal in securities except under and in accordance with the conditions of a certificate of regulations made under this Act.
2. No depository (participant) custodian of securities, foreign institutional investor, credit rating ...