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Membership Eligibility

Any person who qualifies the undernoted criteria can be a member of the SLMA:
  • A scheduled commercial bank within the meaning of the Reserve Bank of India Act, 1934;
  • A Schedule Commercial Bank, a NBFC, a Foreign Bank, an ARC;
  • A primary dealer in securities as notified by the RBI from time to time or any other category accepted by the Board of Directors; or
  • A person who is engaged or proposing to be engaged in the business of dealings in secondary loan market;
    shall be eligible to become a member provided its membership has not been terminated.

Other organisations such as facility agents, law firms and security trustees can also become Associate members in the SLMA.
Admission or rejection of membership shall be at the sole discretion of SLMA and registration is liable to be cancelled in the event of breach of any of the undertakings mentioned in the terms of the Memorandum and Articles of Association.

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