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<h1>Issuers Must Appoint Lead Merchant Banker for Rights Issues Under SEBI Regulation 106G, Submit Confidential Drafts to SEBI</h1> Regulation 106G of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, mandates that issuers appoint a lead merchant banker and other intermediaries for rights issues of Indian Depository Receipts. The issuer must file a draft offer document and addendum, prepared according to home country requirements, with SEBI as a confidential submission. SEBI may request changes or clarifications within thirty days of receipt. If changes are requested, a revised document must be submitted. An undertaking from the Overseas Custodian and Domestic Depository is required, and the Compliance Officer must operate within India.