Lead manager appointment restrictions for issue size have been omitted, removing prescribed numerical limits on merchant banker appointments. Regulation 19 of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, governing restrictions on the appointment of lead ... Summary
Lead manager appointment restrictions for issue size have been omitted, removing prescribed numerical limits on merchant banker appointments.
Regulation 19 of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, governing restrictions on the appointment of lead merchant bankers, was omitted with effect from 19 April 2006. The provision therefore no longer prescribes issue-size-based limits on the number of lead merchant bankers under that regulation.
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