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

  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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