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1. The networth should not be less than ` 20 lakhs.
2. The stock brokerโunderwriter should have capital adequacy as prescribed by the stock exchange.
3. The merchant banker-underwriter shall fulfill capital adequacy as laid down in Merchant Bankerโs Regulations.
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Regulation 7 prescribes for the following capital adequacy requirement:
1. The networth should not be less than ` 20 lakhs.
2. The stock brokerโunderwriter should have capital adequacy as prescribed by the stock exchange.
3. The merchant banker-underwriter shall fulfill capital adequacy as laid down in Merchant Bankerโs
Regulations.
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