Regulation 19 - Restriction on appointment of lead managers (Omitted) - Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992

19. 1 [***] ******* 1 Omitted vide Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2006 . w.e.f. 18-4-2006. Before the omission, regulation 19 read as under : Restriction on appointment of lead managers- 19. The number of lead merchant bankers may not, exceed in case of any issue of Size of issue No. of Merchant Bankers (a) Less than rupees fifty crores Two (b) Rupees fifty crores but less than rupees one hundred crores Three (c) Rupees one hundred crores but less than rupees two hundred crores Four (d) Rupees two hundred crores but less than rupees four hundred crores Five (e) Above Rupees four hundred crores five or more as may be agreed by the board