(1) Subject to the provisions of any other law, every underwriter shall keep and maintain the following books of account and documents, namely:—
(a) in relation to underwriter being a body corporate—
(i) a copy of the balance sheet and profit and loss account as specified in sections 211 and 212 of the Companies Act, 1956 (1 of 1956);
(ii) a copy of the auditor’s report referred to in section 227 of the Companies Act, 1956 (1 of 1956);
(b) in relation to an underwriter not being a body corporate—
(i) records in respect of all sums of money received and expended by them and the matters in respect of which the receipt and expenditure take place; and
(ii) their assets and liabilities.
(2) Without prejudice to sub-regulation (1), every underwriter shall, after the close of each financial year as soon as possible but not later than six months from the close of the said period furnish to the Board, if so required, copies of the balance sheet, profit and loss account, statement of capital adequacy requirement and such other documents as may be required by the Board under regulation 16.
(3) Every underwriter shall also maintain the following records with respect to— 49 Inserted, ibid.
50 Substituted for the words, brackets and figures “clause (b) of rule 4” by the SEBI (Underwriters) (Amendment) Regulations, 2006, w.e.f., 7-09-2006.
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(i) details of all agreements referred to in 51[clause (b) of sub-regulation (1) of regulation 9A] ;
(ii) total amount of securities of each body corporate subscribed to in pursuance of an agreement referred to in 52[clause (b) of sub-regulation (1) of regulation 9A];
(iii) statement of capital adequacy requirements as specified in regulation 7;
(iv) such other records as may be specified by the Board for underwriting.
(4) Every underwriter shall intimate to the Board, the place where the books of account, records and documents are maintained.
Period of maintenance of books of account, records and other documents.
17. Every underwriter shall preserve the books of account and other records and documents mentioned under this chapter for a minimum period of five years.
53[Appointment of compliance officer.