In the early 1990s, the merchant banking industry in India witnessed a phenomenal growth with over 1500 merchant bankers registered with SEBI. In order to ensure the well being of the industry and for promoting healthy business practices, it became necessary to set up a Self Regulatory Organisation within the industry. This led to the birth of the Association of Merchant Bankers of India (AMBI). AMBI was promoted to exercise overall supervision over its members in the matters of compliance with statutory rules and regulations pertaining to merchant banking and other activities.
In 2010, we decided to change the name of AMBI to Association of Investment Bankers of India (AIBI) to reflect accurate nomenclature of bankers in India.
Today, AIBI is registered as a Public Limited Company under Section 25 of the erstwhile Companies Act, 1956 and now covered under Section 8 of the Companies Act 2013.
AIBI was granted recognition by SEBI to set up professional standards, for providing efficient services and to establish standard practices in merchant banking and financial services.
Our primary objective is to ensure that our members render services to all the constituents within an agreed framework of ethical principles and practices. We also work as a trade body promoting the interests of the industry and of our members.
AIBI is the nodal point for assimilation and dissemination of information relating to the investment banking industry. We ensure that our members are aware of the latest rules/guidelines issued by various statutory authorities, as also other matters of interest.
AIBI is the investment banking industry's sole representative to all statutory authorities, in particular, SEBI. The Chairperson of AIBI is the (sole) member representing Investment Bankers on the Primary Market Advisory Committee of
AIBI, in consultation with SEBI, is working continuously towards improving the compliance of regulatory requirements in a systematic manner. And one of the efforts taken by SEBI is to standardize the procedure of Due Diligence in an IPO process. AIBI brought out a Due Diligence Manual which was launched at our AIBI Summit 2012 at the hands of the then SEBI Chairman, Mr.
The Due Diligence Manual has been appreciated by all and has been downloaded by many Capital Market practitioners, Students and Law Firms.
AIBI has also been very active in representing the members’ views, comments and suggestions on various Regulations relating to the Primary Capital Market and we have been successful in impressing upon SEBI to make necessary amendments to the Regulations for smooth compliance with Regulations.
AIBI has conducted annual Summits since 2010, all of which have been inaugurated by SEBI Chairman. In each and every Summit we have tried to focus on topics related to the Capital Market in general.
In addition, AIBI has also been organizing a Knowledge Seminar Series. In these seminars we invite experts from Law Firms, Consulting Firms to discuss the Regulations and Acts relating to Capital Markets.
The endeavor is to carry this momentum and look forward to increasing our membership to include all Investment Banks so that the AIBI remains at the forefront of the investment banking profession addressing all issues in a cohesive manner and as a true representative of the entire Industry.