Bye-law 7, Securities and Exchange Board of India (Licensing of The business of a merchant banker) Bye-laws, 2017 [SBS-2G8]
As at 7 September 2026. In force from 1 December 2017.
Destruction of records.—A record maintained under these bye-laws shall not be destroyed before the expiry of the period for which these bye-laws require it to be preserved; and every merchant banker who destroys a record after that period shall enter the particulars of the record destroyed and the date of its destruction in Form C, and shall furnish an extract of that entry to the Depository within forty-five days of the destruction.
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