Explanation:

As per the SEBI (Prohibition of Insider Trading) Regulations, a person is deemed to be a connected person if such person is a banker of the company. This means that individuals associated with the company in certain capacities, including being a banker, are considered connected persons and are subject to restrictions on trading to prevent insider trading.

Explanation:

This means that the issuer should have a minimum paid-up capital of Rs.10 Crores, and the minimum market capitalization should be Rs.25 Crores for listing on these stock exchanges. These requirements are set to ensure a certain level of financial strength and market value for companies listed on the exchanges.

Explanation:

The SLR (Statutory Liquidity Ratio) and CRR (Cash Reserve Ratio) rates are decided by the Reserve Bank of India (RBI). These are regulatory ratios that banks are required to maintain as a certain percentage of their net demand and time liabilities.

• SLR (Statutory Liquidity Ratio): It is the percentage of deposits that banks need to maintain in the form of liquid assets such as cash, gold, or government securities. The purpose is to ensure the liquidity and solvency of the banks.
• CRR (Cash Reserve Ratio): It is the percentage of total deposits that banks are required to keep with the central bank (RBI) in the form of reserves in cash. It is a tool used by the central bank to control the money supply in the economy.

Explanation:

Yes, any non-promoter shareholder can offer its shares through the Offer For Sale (OFS) mechanism on the stock exchange. The OFS mechanism allows existing shareholders, including non-promoters such as institutional investors, retail investors, and others, to sell their shares to the public through the stock exchange platform.

This mechanism provides an avenue for existing shareholders to divest their holdings and allows investors to buy shares directly from them through the stock exchange, promoting liquidity in the market.

Explanation:

Every Merchant Banker is required to pay an initial fee of Rs.10 lakh as registration fees. Additionally, a merchant banker who has been granted a certificate of permanent registration, to keep its registration in force, shall pay a fee of Rs.5 lakh every three years.

This fee structure is outlined by SEBI (Securities and Exchange Board of India) to ensure that merchant bankers contribute to the regulatory framework and comply with ongoing obligations to maintain their registration.

Explanation:

As per the SEBI ICDR (Issue of Capital and Disclosure Requirements) Regulations, the issuer company making a public issue or a rights issue, where the aggregate value of the specified securities offered is Rupees 50 Lakhs or more, shall do so only when the draft offer document along with fees have been filed through the lead merchant banker with SEBI.

This regulation is in place to ensure that companies intending to make a public or rights issue adhere to the regulatory framework, and their offer documents are reviewed by SEBI before proceeding with the issuance.

Explanation:

According to the Code of Conduct for Merchant Bankers in India, a Merchant Banker is indeed responsible for the acts or omissions of its employees and agents in respect of the conduct of its business. Merchant Bankers are expected to maintain a high standard of integrity and fairness in all their dealings, and they are accountable for the actions of those working under their authority.

Explanation:

In India, the Government securities are primarily issued by the Central Government. These securities, also known as G-Secs or government bonds, are debt instruments through which the government raises funds from the market to meet its expenditure requirements and other financial obligations.

While State Governments may also issue their own securities known as State Development Loans (SDLs), the primary responsibility for issuing sovereign securities lies with the Central Government.

Explanation:

In the case of a preferential issue of shares, as per the SEBI (Securities and Exchange Board of India) regulations, the allotment of shares to the alternate allottees (if any) pursuant to the special resolution must be completed within 15 days of passing such resolutions. This ensures a timely and efficient process for the issuance of shares through preferential allotment.

Explanation:

The Department of Investment and Public Asset Management (DIPAM), which is under the Ministry of Finance, Government of India, handles all matters related to the disinvestment of the Government of India’s shareholding in Central Public Sector Enterprises (CPSEs). The Department of Economic Affairs (DEA) does play a role in economic policy formulation and management, but disinvestment matters specifically fall under the purview of DIPAM.