Special Situation Funds can be offered by registered Fund Management Entity in IFSC, which of the following conditions govern them?
(i) Only close ended SSFs are permissible, with minimum tenure of 3 years
(ii) Extension of the tenure of the close ended special situation fund may be permitted up to five (5) years
(iii) A special situation fund shall be constituted in IFSC as a company or LLP or Trust under the applicable laws of India.
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.
The two buildings are 100m apart. From the top of the first building, which is 60m tall, the angle of depression to the top of the second building is 45...
The length of the shadow of a vertical tower increases by 8 m on horizontal ground when the height of the sun changes from 45° to 30 ° , then find the...
From a point situated at some distance from the base of a pillar, the angle of elevation of the top of the pillar is found to be 45 degrees. After walki...
The angle of elevation of the top of a building from the foot of a tower is 30° and the angle of elevation of the top of the tower from the foot of the...
A tree breaks due to storm and the broken part bends, so that the top of the tree touches the ground making an angle of 30° with the ground. The distan...
A pole 9√3m high casts a shadow 27 m long on the ground. Find the angle of elevation
Find the area of maximum side of square that can be inscribed in a right angled triangle of side 15, 20 and 25 cm.
Two buildings are collinear with the base of a tower and are at a distance 9m and 16m from the base of the tower. The angles of elevation from these two...
Due to a cyclone, a tree is broken and makes an angle of 30º with the ground. The distance between the root and the tip of the tree that touches the gr...
The angle of depression of a point on the ground as seen from the top of a tower, 35 feet high, is 45°. Find the distance of the point on the ground fr...