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    Question

    Under which of the following section the merchant banker

    cannot carry on any business other than in the securities market?
    A 12 A Correct Answer Incorrect Answer
    B 12 C Correct Answer Incorrect Answer
    C 13 A Correct Answer Incorrect Answer
    D 13 D Correct Answer Incorrect Answer
    E 13 E Correct Answer Incorrect Answer

    Solution

    ┬а The regulation 13A of merchant bankers clearly states that a merchant banker cannot carry on any business other than in the securities market

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