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In December 2021, The Securities and Exchange Board of India (SEBI) cleared a slew of amendments to various regulations and tightened the rules for initial public offerings (IPOs). If a company has not identified acquisition or investment targets as objects in the DRHP and the offer document, then the amount for such objects cannot exceed 25 percent of the amount being raised. Also, If a company in its Draft Red Herring Prospectus (DRHP) sets out an object for future inorganic growth but does not identify any acquisition or investment target, then the amount for such objects and amount for general corporate purpose cannot exceed 35 percent of the total amount being raised, the regulator said "Above limits shall not apply if the proposed acquisition or strategic investment object has been identified and suitable specific disclosures about such acquisitions or investments are made in the draft offer document and the offer document at the time of filing of offer documents," SEBI said.
Statement: The Ministry of Civil Aviation has proposed amendments to the Civil Aviation Requirements to establish a National No-Fly List and quantify...
Statement : With all earlier attempts to prevent waste and debris dumping into lakes and catch the culprits having failed, the City Corporation has no...
Statement: Indian Culture is getting forgotten and the country is losing its rich heritage.
Assumptions:
I. Westernization has affec...
Consider the following statements:
Assertion (A): During the winter season, a glass breaks when hot water it poured into it.
Reason (R)...
A statement is given followed by two courses of actions I and II. You have to assume everything in the statement to be true, then decide which of the su...
In the question below, a passage is given followed by a statement. You have to identify which assumption the argument in the passage is based upon.
Statement: A construction worker was buried alive when mud from a 20-ft high pit collapsed on him and four others.
Assumption I: The other ...
Statement:
Should agriculture in rural India be mechanized?
Arguments:
I. Yes. It would lead to higher production.
II. No. ...
Statement: Farm fires, being touted as the major reason for unbreathable Delhi air, are shown to account for only 40% of the current spell of deadly h...
Statement : "The education board has decided to reduce the syllabus for this academic year."
Assumptions :
I. Reducing the syllabus wi...