Securities And Exchange Board Of India - Subsection
Section 8(3) in Securities and Exchange Board of India (Research Analysts) Regulations, 2014
(3)All existing research analysts shall comply with the capital adequacy requirement within one year from the date of commencement of these regulations.Explanation. - For the purposes of this regulation, "networth" means the aggregate value of paid up share capital plus free reserves (excluding reserves created out of revaluation) reduced by the aggregate value of accumulated losses.
