When merchant banking is required???

1. Issuance of Equity Shares/Preference Shares (Private Placement Basis)
2. Issuance of Equity Shares/Preference Shares (Preferential Allotment)
3. Issue of Compulsory convertible debentures to non-resident investors
4. Issue of Right shares to non-resident investors
5. Transfer of Shares from Resident to Resident, Resident to Non Resident and Non Resident to Resident also.