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General obligations of the merchant banker.

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..... s made, the merchant banker shall ensure that- (a) the acquirer is able to implement the offer; (b) the provision relating to escrow account referred to in regulation 28 has been made; (c) firm arrangements for funds and money for payment through verifiable means to fulfil the obligations under the offer are in place; (d) the public announcement of offer is made in terms of the regulations; 1[(e) .....

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..... ny other laws or rules as may be applicable in this regard. 3[(5A) The merchant banker shall not deal in the shares of the target company during the period commencing from the date of his appointment in terms of regulation 13 till the expiry of the fifteen days from the date of closure of the offer.] (6) Upon fulfillment of all obligations by the acquirers under the regulations, the merchant banke .....

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