Question

01. No person can act as underwriter
unless he holds a certificate granted by
RBI
SEBI
оооо
O Central Government
Registrar​

Answer 1

Explanation:

rovided that such person, who was engaged as underwriter prior to the coming into force of the Act, may continue to carry on activity as underwriter if he has made an application for such registration under the proviso to sub-section (1) of Section 12 of the Act till the disposal of such application