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        SEBI

        Regulation 19 - Restriction on appointment of lead managers (Omitted)

        Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992
        Chapter III
        GENERAL OBLIGATIONS AND RESPONSIBILITIES

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        Restriction on appointment of lead managers removed, altering prescribed caps on number of lead merchant bankers per issue size. Regulation 19 was omitted by amendment in 2006; previously it imposed a graduated cap on the number of lead merchant bankers tied to the size of an issue, prescribing ceilings from two for smaller issues up to five or more for the largest issues as agreed by the board, thereby restricting appointments based on issue size.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Restriction on appointment of lead managers removed, altering prescribed caps on number of lead merchant bankers per issue size.

                              Regulation 19 was omitted by amendment in 2006; previously it imposed a graduated cap on the number of lead merchant bankers tied to the size of an issue, prescribing ceilings from two for smaller issues up to five or more for the largest issues as agreed by the board, thereby restricting appointments based on issue size.


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