https://www.taxtmi.com/acts?id=35553 A merchant banker who is a promoter or an associate of an issuer or of a person making an offer to sell or purchase securities shall not lead-manage any issue or be associated with activities under the Board's regulations by that issuer or person, except where the merchant banker is appointed solely for marketing. An "associate" includes situations where either party controls not less than ten per cent of the other's voting rights, exercises control directly or indirectly (alone or with others), or shares a common director, subject to exclusions for nominee directors and recusal of independent directors. en-us Thu, 24 Jan 2019 14:48:44 +0530 Mon, 08 Dec 2025 12:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35553 A merchant banker who is a promoter or an associate of an issuer or of a person making an offer to sell or purchase securities shall not lead-manage any issue or be associated with activities under the Board's regulations by that issuer or person, except where the merchant banker is appointed solely for marketing. An "associate" includes situations where either party controls not less than ten per cent of the other's voting rights, exercises control directly or indirectly (alone or with others), or shares a common director, subject to exclusions for nominee directors and recusal of independent directors. Act-Rules SEBI Thu, 24 Jan 2019 14:48:44 +0530 https://www.taxtmi.com/acts?id=35553