Deals3 April 2026 at 12:21 pm
Chartered Capital to Discontinue Merchant Banking Activities & Surrender Registration Certificate
AI Summary
Chartered Capital & Investment Ltd has announced the discontinuation of its merchant banking activities and the voluntary surrender of its Merchant Banking Registration Certificate issued by SEBI. This decision comes due to non-operation of these activities for more than two financial years and the company's intention not to continue such activities in the future. The company will apply for the surrender of the certificate in accordance with applicable regulations. Additionally, Mr. Nevil Sheth has been appointed as the Compliance Officer under Regulation 28A of the SEBI (Merchant Bankers) Regulations, 1992 & Regulation 14 of the SEBI (Intermediaries) Regulations, 2008, replacing Mr. Sagar Bhatt.
Key Highlights
- Chartered Capital to discontinue merchant banking activities
- Voluntary surrender of Merchant Banking Registration Certificate
- Non-operation of activities for more than two financial years
- Appointment of Mr. Nevil Sheth as Compliance Officer
- Mr. Sagar Bhatt to cease being Compliance Officer