Merchant Banking

Continuous Compliance Oversight

We assist Merchant Bankers in meeting periodic regulatory obligations and maintaining compliance discipline.

Coverage Includes:

• Periodic SEBI reporting & disclosures
• Net worth monitoring & capital adequacy compliance
• Maintenance of statutory records & registers
• Review of compliance certifications
• Code of conduct adherence monitoring
• Monitoring of outsourcing arrangements (if any)

Outcome:
Timely compliance and reduced regulatory exposure.

Risk-Based Internal Audit Framework

Our internal audit focuses on regulatory compliance, issue management processes, and governance controls.

Regulatory Adherence

• Compliance with SEBI (Merchant Bankers) Regulations
• Review of periodic reporting & certifications
• Adherence to capital adequacy norms

Governance & Control Environment

• Review of Chinese wall implementation
• Conflict of interest management
• Insider trading controls
• Segregation of advisory and issue management functions

Financial & Operational Controls

• Review of fee structure & charging methodology
• Expense allocation process
• Record maintenance & documentation controls

Deliverables:

• Risk-rated internal audit report
• Control gap analysis
• Practical remediation roadmap

Outcome:
Strengthened governance and regulator-ready documentation.

Oversight of Public Issue & Transaction Processes

We review issue management and due diligence frameworks to ensure regulatory alignment and documentation discipline.

Scope Includes:

• Due diligence documentation review
• Offer document control processes
• Coordination framework with legal advisors & intermediaries
• Verification of due diligence certificates
• Record retention and audit trail assessment
• Monitoring of post-issue compliance requirements

SEBI Inspection Readiness & Response Support

We assist Merchant Bankers in preparing for and responding to regulatory inspections and information requests.

Services Include:

• Pre-inspection readiness assessment
• Compliance documentation collation
• Drafting responses to SEBI queries
• Remediation advisory post-inspection
• Governance strengthening recommendations

Outcome:
Controlled regulatory engagement and structured response management.

Merchant Bankers are subject to continuous net worth and capital adequacy requirements.

We assist in:

• Periodic net worth computation review
• Certification support
• Monitoring of capital adequacy thresholds
• Advisory on capital restructuring (if required)