Section 14 in Securities And Exchange Board Of India (Merchant Bankers) Regulations, 1992
14. Maintenance of books of accounts, records etc.-
(1)Every merchant banker shall keep and maintain the following books of accounts, records and documents namely:-(a)a copy of balance sheet as at the end of each accounting period;(b)a copy of profit and loss account for that period;(c)a copy of the auditor's report on the accounts for that period; and(d)a statement of financial position.(2)Every merchant banker shall intimate to the Board the place where the books of accounts, records and documents are maintained.(3)Without prejudice to sub-regulation (1), every merchant banker shall, after the end of each accounting period furnish to the Board copies of the balance sheet, profit and loss account and such other documents for any other preceding five accounting years when required by the Board.
