Underwriting by merchant bankers and underwriters

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..... ritten. Explanation: The underwriting under this regulation shall be for the entire hundred percent of the offer through offer document and shall not be restricted upto the minimum subscription level. (2) The merchant banker/s shall underwrite at least fifteen per cent of the issue size on his/ their own account/s. (3) The issuer in consultation with merchant banker may appoint underwrite .....

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..... s under their respective agreements with the merchant banker in this regard. (6) All the underwriting and subscription arrangements made by the merchant banker shall be disclosed in the offer document. (7) The merchant banker shall file an undertaking to the Board that the issue has been hundred per cent. underwritten along with the list of underwriters and nominated investors indicating the .....

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