Merchant banker not to act as such in an issue where shares are held by its key managerial personnel or their relatives

Merchant banker not to act as such in an issue where shares are held by its key managerial personnel or their relatives https://www.taxtmi.com/acts?id=52187 A merchant banker shall not lead manage any public issue if its directors, key managerial personnel, compliance officer, specified employees, or their relatives, individually or in aggregate, hold more than 0.1% of paid-up share capital or shares with nominal value exceeding Rs. 10,00,000, whichever is lower; holdings via mutual funds and ESOPs are excluded, and appointment for marketing-only activity is permitted with specified disclosures. en-us Sat, 06 Dec 2025 12:48:59 +0530 Mon, 08 Dec 2025 12:26:05 +0530 TaxTMI RSS Generator Merchant banker not to act as such in an issue where shares are held by its key managerial personnel or their relatives https://www.taxtmi.com/acts?id=52187 A merchant banker shall not lead manage any public issue if its directors, key managerial personnel, compliance officer, specified employees, or their relatives, individually or in aggregate, hold more than 0.1% of paid-up share capital or shares with nominal value exceeding Rs. 10,00,000, whichever is lower; holdings via mutual funds and ESOPs are excluded, and appointment for marketing-only activity is permitted with specified disclosures. Act-Rules SEBI Sat, 06 Dec 2025 12:48:59 +0530 https://www.taxtmi.com/acts?id=52187