You are a merchant banker as a private limited company. You have so far handled 10 issues as a lead manager. Answer the following questions in this behalf:

a. What is the maximum number of merchant bankers that can associate with a public issue?

b. MB activity is only fee based but there is an exception to this? What is this exceptional activity we are talking about especially in the case of a lead manager handling a public issue?

c. What is the cap for this activity in terms of number of times?