
Business Update3 April 2026 at 12:11 pm
Chartered Capital to Discontinue Merchant Banking Activities & Surrender Registration Certificate
AI Summary
Chartered Capital & Investment Ltd announced the outcome of its Board Meeting held on April 03, 2026. The Board approved the discontinuation of merchant banking activities and the voluntary surrender of the Merchant Banking Registration Certificate issued by SEBI. This decision was due to non-operation of merchant banking activities for more than two financial years and the Company's intention not to continue such activities in the future. The Board also approved the appointment of Mr. Nevil Sheth as the Compliance Officer under Regulation 28A of the SEBI (Merchant Bankers) Regulations, 1992 & Regulation 14 of the SEBI (Intermediaries) Regulations, 2008.
Key Highlights
- Chartered Capital to discontinue merchant banking activities
- Voluntary surrender of Merchant Banking Registration Certificate
- Decision due to non-operation of activities for more than two financial years
- Appointment of Mr. Nevil Sheth as the Compliance Officer