The new guidelines restrict bankers not just from advising private sector companies in the 'same line of business' on public issues.
In March, the Registrar of Companies, Uttar Pradesh and Uttarakhand, based in Kanpur, sent a notice to Sahara India Real Estate Corp for using a third party's bank accounts to receive funds from investors.
Depressed equity performance, Sebi copycat rules, lack of new ideas combine to impel funds to look elsewhere.
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