The document outlines the regulatory framework for merchant bankers including operational guidelines, pre-issue obligations, and post-issue obligations. It discusses the submission of offer documents, dispatch of issue materials, underwriting, and compliance. Pre-issue obligations include appointing intermediaries, submitting documents, and making the offer document public. Post-issue obligations include monitoring reports, redressal of investor grievances, and coordinating with intermediaries. It also provides guidelines for unlisted companies regarding listing of shares, market makers, and disclosures.

1. Regulatory Framework for Merchant Bankers 1. Operational Guidelines 2. Pre- Issue Obligations 3. Post – Issue Obligations 4. Guidelines for Unlisted companies