Appointment of merchant banker and other intermediaries

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..... shall be a lead merchant banker and shall also appoint other intermediaries, in consultation with the lead merchant banker, to carry out the obligations relating to the issue. (2) The issuer shall, in consultation with the lead merchant banker, appoint only those intermediaries which are registered with the Board. (3) Where the issue is managed by more than one merchant banker, the rights, o .....

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..... ective regulations applicable to the intermediary concerned: Provided that such agreements may include such other clauses as the issuer and the intermediary may deem fit without diminishing or limiting in any way the liabilities and obligations of the merchant bankers, other intermediaries and the issuer under the Act, the Companies Act, 1956, the Securities Contracts (Regulation) Act, 1956, th .....

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..... hall be appointed as registrar to the issue: Provided further that the lead merchant banker shall not act as a registrar to the issue in which it is also handling the post issue responsibilities. Explanation: For the purpose of this regulation, in case of a book built issue, the lead merchant banker appointed by the issuer shall act as the lead book runner. ****** 1 Substitut .....

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