Lead merchant banker association prohibition: ensure all participating merchant bankers hold valid registration before engaging in an issue. A lead merchant banker is prohibited from associating with any securities issue if any other merchant banker associated with that issue does not hold the required certificate of registration; the lead must verify registrations and decline involvement where an unregistered merchant banker is present.
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.
Lead merchant banker association prohibition: ensure all participating merchant bankers hold valid registration before engaging in an issue.
A lead merchant banker is prohibited from associating with any securities issue if any other merchant banker associated with that issue does not hold the required certificate of registration; the lead must verify registrations and decline involvement where an unregistered merchant banker is present.
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