Lead of merchant banker should advice the issuer to enter into ..... intermediary for the purpose of issue management.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Lead of merchant banker should advice the issuer to enter into ____ intermediary for the purpose of issue management.

A	Agreement
B	Arrangement
C	Memorandam of association

Explanation:

Detailed explanation-1: -2 The Lead Merchant Banker shall ensure that issuer companies enters into a Memorandum of Understanding with the intermediary(ies) concerned whenever required. 5.4. 3.2 The Lead Merchant Banker shall ensure that Bankers to the Issue are appointed in all the mandatory collection centres as specified in clause 5.9.

Detailed explanation-2: -Lead merchant banker should advice the issuer to enter into–– with a particular intermediary for the purpose of issue management? d) Arrangement.

Detailed explanation-3: -(5) The designated lead merchant banker shall be responsible for ensuring compliance with these regulations and other requirements and formalities specified by the Registrar of Companies, the Board and the recognised stock exchanges where specified securities being offered are proposed to be listed.

Detailed explanation-4: -This obligation is provided under Regulation 22 of the Merchant Banking Regulation which provides that the lead merchant banker shall accept a minimum underwriting obligation of 5% of total commitment or INR 25 Lacs, whichever is less.

There is 1 question to complete.