Start learning 50% faster. Sign in now
Ø SSFs can be launched by a registered FME Ø SSFs are permitted to acquire special situation assets, which includes: - Stressed loan available for acquisition - Security Receipts (SRs) issued by an Asset Reconstruction Company (ARC) registered with the RBI - Securities of investee companies (i) whose stressed loans are available for acquisition, (ii) against whose borrowings, SRs have been issued by an ARC, (iii) whose borrowings are subject to corporate insolvency resolution process, (iv) who has continuing default of loans, subject to conditions Ø Only close ended SSFs are permissible, with minimum tenure of 3 years Ø Extension of the tenure of the close ended special situation fund may be permitted up to two (2) years Ø subject to approval of two-thirds (2/3rd) of the investors by value: Ø Provided that any further extension beyond two (2) years may be considered subject to express consent of the investors and exit opportunity shall be provided to other investors. Ø Scheme corpus, eligible investors, investment conditions may be specified by the IFSCA Ø Leverage not permissible except to meet day to-day operational requirements Ø A special situation fund shall be constituted in IFSC as a company or LLP or Trust under the applicable laws of India.
Under the provisions of Digital Personal Data Protection Act, when can a person process the personal data of a Data Principal?
President makes an oath in the presence of …….
Whether following document are public documents?
Ankit, a tradesman, leaves goods at Sushil’s house by mistake. Sushil treats the goods as his own. Sushil _______________
What is the maximum number of directors in a public company?
As per the definition of deposit given under Companies Act, 2013 it does not include ________________
The name of LLP shall consist of-
What are the restrictions in respect of minimum and maximum number of partners in an LLP?
Which of the following new law replaces the IPC and the Evidence Act?
Surrender of certificate of security is made to the …