NISM-Series IX: Merchant Banking Certification Exam Notes
Page 14 Of 79
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ICICI Securities: Spun off in 1995 for investment banking services.
AIBI Role: Acts as a self-regulatory organization for merchant bankers in India.
AIBI Formation: Founded in 1993, recognized by SEBI for professional standards.
AIBI Objectives: Ensure ethical service delivery and represent industry to SEBI.
SEBI Act, 1992: Establishes SEBI to protect investors and regulate securities markets.
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