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The Securities & Exchange Board of India (SEBI) has asked the custodians of AIFs to state the names of investee companies, quantum of each investment, investible surplus on the day of the investment, and whether the investee company is an ‘associate’ of the fund, among other things. Category I and II AIFs — VC, infrastructure, real estate, PE and stressed asset funds — can invest up to 25% of their investible funds in a single entity. Investible funds refers to the scheme corpus net of expenditure for administration and management.The corresponding limit is 10% for Category III AIFs, which can leverage and take exposure to derivatives. A fund has to take approval of 75% of the investors for putting money in an ‘associate entity’ where there is a conflict of interest. An associate enterprise is a company or a limited liability partnership in which a director/trustee/partner/sponsor/manager of the AIF or a director/partner of the manager/sponsor holds either
In each of the questions given below, two phrases in a sentence are highlighted which may or may not be correctly used. From the given choices, choose ...
In the following questions, a word has been given and there are three ways in which the word has been used, in similar or different forms. You need to ...
In the following question, a word has been used in sentences in THREE different ways. Choose the option corresponding to the sentences in which the usa...
Embrace
I. We embraced at Miami for our Caribbean cruise.
II. The monarchy was notoriously reluctant to embrace change.
III. We...
Select the option that can be used as a one-word substitute for the given group of words.
One who studies the occult meanings of numbers and thei...
Diligence
A. His success was largely due to his diligence .
B. A fire breaks out suddenly in the house of the Empress, due to diligence ...
Directions : A word is given in each question and used in three different sentences. You have to choose the sentence(s) in which the word is used corre...
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIA...
In the following question, a word is given in bold. Three jumbled sentences are provided below this word. You have to unjumble these sentences and det...
Select the word which means the same as the group of words given.
Sound of horses