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<h1>Issuing Company and Lead Merchant Banker Sign MoU for Public Share Issue; Outlines Duties, Compliance, and Breach Consequences.</h1> The Memorandum of Understanding (MoU) between an issuing company and its lead merchant banker outlines the responsibilities and obligations related to a public issue of shares or debentures. The company agrees to comply with statutory requirements, provide accurate information, and facilitate the merchant banker's due diligence. It must ensure all promotional materials adhere to regulatory guidelines and cannot appoint other intermediaries without the merchant banker's approval. The company is responsible for timely allotment and refunds, paying commissions, and informing the banker of any issues. The MoU also addresses the consequences of breaches and mandates consultation with the banker before legal proceedings.