Under the revised Merchant Bankers Regulations effective from January 3, 2026, the total underwriting obligations of a merchant banker have been capped by SEBI at which level?

Regarding the regulatory enforcement by the Securities and Exchange Board of India (SEBI) in the case of stock manipulation involving Retro Green Revolution Ltd., which of the following statements is/are correct? 1. SEBI has imposed a market ban ranging up to 5 years on 18 individuals linked to the Choksi group for their involvement in price rigging. 2. The accused have been directed to disgorge illegal profits amounting to ₹2.94 crore, with a 12% annual interest charge applicable from December 2021 until the date of payment. 3. The manipulation involved the use of Telegram channels and stock tips to artificially inflate the prices of an illiquid stock in a company where the Choksi group held an approximately 42% stake. Select the correct option:

Regarding the regulatory framework for credit facilities extended to Capital Market Intermediaries (CMIs), which of the following best describes the conceptual restrictions and permitted exceptions concerning the financing of proprietary trading activities?