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    Question

    _______________ mean a company incorporated in India

    seeking to raise capital in foreign currency other than Indian rupee which has obtained requisite approval under Foreign Exchange Management Act, 1999 (FEMA) or exchange control regulations as may be applicable, or a company incorporated in a foreign jurisdiction
    A Issuer Correct Answer Incorrect Answer
    B Receiver Correct Answer Incorrect Answer
    C Recognized entity Correct Answer Incorrect Answer
    D Either a or b Correct Answer Incorrect Answer
    E Either b or c Correct Answer Incorrect Answer

    Solution

    SEBI (International Financial Services Centres) Guidelines, 2015: Guideline 2 Definitions: (i) "issuer" shall mean a company incorporated in India seeking to raise capital in foreign currency other than Indian rupee which has obtained requisite approval under Foreign Exchange Management Act, 1999 (FEMA) or exchange control regulations as may be applicable, or a company incorporated in a foreign jurisdiction.

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