Lead Merchant Banker defined as merchant banker appointed under issue regulations, affecting securities transaction tax classification. A Lead Merchant Banker is a merchant banker who qualifies as such only when appointed in accordance with the sub regulatory provisions for lead appointment under the issue regulations, thereby linking its status under the securities transaction tax regime to regulatory appointment rather than other commercial attributes.
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Provisions expressly mentioned in the judgment/order text.
Lead Merchant Banker defined as merchant banker appointed under issue regulations, affecting securities transaction tax classification.
A Lead Merchant Banker is a merchant banker who qualifies as such only when appointed in accordance with the sub regulatory provisions for lead appointment under the issue regulations, thereby linking its status under the securities transaction tax regime to regulatory appointment rather than other commercial attributes.
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