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.
P’s 5 days work is equal to Q’s 6 days work. If P and Q together can complete the work in 25 days then how much time Q will take to complete 80% of ...
A is thrice as efficient as B and can finish a piece of work in 20 days less than B. B can finish this work in how many days?
Anil and Ashish receive Rs.2000 for work of 10 days. If Anil is 4 times efficient than Ashish, then find the daily wage received by Ashish.
A is twice as efficient as B, and B is thrice as efficient as C. If C alone can complete a work in 30 days, then in how many days can they together comp...
P alone can finish a piece of work ‘M’ in 12 days while Q takes 8 days to finish it alone. P, Q and R working together can finish the work ‘N’ w...
Three men and 4 women can do a piece of work in 7 days, whereas 2 men and I woman can do it in 14 days. Seven women will complete the same work in:
A work is done by A, B, C and D together. The percentage of work done by A, B C and D are in arithmetic progression (AP). The first, second, third and f...
6 boys and 8 girls can do a piece of work in 12 days. 7 boys and 11 girls can do the same piece of work in 10 days. In how many days can 2 boys and 6 g...
Pawan and Qureshi can complete a task in 12 days, while Pawan and Rishi can finish the same task in 40/3 days. Initially, Pawan a...
A can complete a piece of work in 18 days. B can complete the same work in 72 days. While C is 33(1/3) more efficient than B. All three started workin...
