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    Question

    In October 2022, SEBI has allowed InvITs of networth of

    _____ or more to issue commercial papers (CPs) subject to the guidelines prescribed by RBI for issue of CPs.
    A 10 crore Correct Answer Incorrect Answer
    B 50 crore Correct Answer Incorrect Answer
    C 100 crore Correct Answer Incorrect Answer
    D 250 crore Correct Answer Incorrect Answer
    E 500 crore Correct Answer Incorrect Answer

    Solution

    SEBI  has  recently  allowed  InvITs  with  net  worth  of  Rs.100  crores  or  greater  to  issue  Commercial    papers   provided   that   InvITs   abide   by   the   guidelines  prescribed  by  the  Reserve  Bank  of     India  for  issuance  of   commercial  papers.  InvITs  have to comply with conditions specified under the  SEBI  (Issue  and  Listing  of   Non-Convertible  Securities) Regulation, 2021. The issuance of  listed CPs shall be within the overall debt limit permitted under  SEBI  (Infrastructure  Investment  Trusts)  Regulations, 2014.   REITS with  net  worth  of Rs.100  crores  or  greater may also issue CPs.

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