Economics · Merchant Banking
According to SEBI regulations governing Merchant Bankers, evaluate the following statements: Statement I: A Merchant Banker shall not lead-manage an issue if the issuing company is an associate or a subsidiary of the Merchant Banker, with exceptions like public sector undertakings. Statement II: A Merchant Banker can share non-public price-sensitive data with its own firm's research analysts to publish equity recommendations before a public issue. Statement III: Every Merchant Banker must appoint a Compliance Officer responsible for reporting regulatory non-compliance to SEBI. Which combination is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All three statements are correct.
- 2Only Statement I is correct.
- 3Statements I and II are correct, while Statement III is incorrect.
- 4Statements I and III are correct, while Statement II is incorrect.✓
Correct answer
Statements I and III are correct, while Statement II is incorrect.
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