Section 4 in Securities And Exchange Board Of India (Merchant Bankers) Regulations, 1992
4. Application to conform to the requirements.-
Subject to the provisions of sub-regulation (3) of regulation 3, any application, which is not complete in all respects and does not conform to the instructions specified in the form, shall be rejected:Provided that, before rejecting any such application, the applicant shall be given an opportunity to remove within the time specified such objections as may be indicated by the Board.
