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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.
A two-digit number has a sum of its digits equal to 11. Additionally, if 54 is subtracted from this number, the resulting number has its digits reversed...
Find the third proportion of 32 and 16.
What is the value of 1² + 3² + 5² + 7² + 9² ................ 19²?
Raj scored 140 marks in a test getting 3 marks for each right answer and losing 1 mark for each wrong answer, had 4 marks been awarded for each correct...
The sum of the exponents of the prime factors in the prime factorization of 588 is
There are three numbers 'a', 'b' and 'c' (a < b < c) such that 'b' is equal to the average of 'a' and 'c'. 70% of 'c' is equal to 'a' and the difference...
Identify the number that, when subtracted by its square root, results in a difference of 42.
A two-digit number is such that the sum of its digits is 12. If the number formed by reversing its digits is 18 less than the original number, find the ...
The average of 9 consecutive integers is 23. What is the sum of the smallest three integers?