Appointment of lead merchant bankers removed; regulatory provision repealed by later issue and disclosure regulations, altering issuance governance. Regulation 18 of the SEBI (Merchant Bankers) Regulations, 1992, concerning the appointment of lead merchant bankers, was omitted by the later issue and disclosure regulations, thereby removing that specific regulatory mechanism for designating lead merchant bankers and transferring related issuance governance into the subsequent disclosure framework.
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Provisions expressly mentioned in the judgment/order text.
Appointment of lead merchant bankers removed; regulatory provision repealed by later issue and disclosure regulations, altering issuance governance.
Regulation 18 of the SEBI (Merchant Bankers) Regulations, 1992, concerning the appointment of lead merchant bankers, was omitted by the later issue and disclosure regulations, thereby removing that specific regulatory mechanism for designating lead merchant bankers and transferring related issuance governance into the subsequent disclosure framework.
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