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Question

The appointments of intermediaries for a public issue is made by ___________________________.

A
SEBI
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B
Lead manager of the issue in consultation with the company
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C
The Stock exchange where the securities are proposed to be listed
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D
All of the above
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E
Both (A) and (C)
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Solution

The correct option is B Lead manager of the issue in consultation with the company
The lead manager is a merchant banker who orchestrates the issue and appoints the intermediaries in constultation with the company.

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