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The International Financial Services Centres Authority (IFSCA), in furtherance of its mandate to develop and regulate financial products, financial services and financial institutions in the International Financial Services Centres (IFSC), had notified the IFSCA (Fund Management) Regulations, 2022 in April 2022 enabling the regulatory framework for various activities related to fund management including schemes for investing in early-stage venture capital undertaking (start-ups). A Fund Management Entity (FME) in IFSC will be able to launch Angel Fund by filing a placement memorandum with the Authority under a Green Channel, i.e. the schemes can open for subscription by investors immediately upon filing the placement memorandum with the Authority. Angel Funds are permitted to invest in start-ups as well as other regulated angel schemes in IFSC, India, foreign jurisdictions upon receiving consent from the desirous investors.
Parent Ltd. owns 80% of Subsidiary Ltd. The subsidiary reports a profit of ₹10 lakh during the year. How much of this profit should be added to consol...
GST is a consumption of goods and service tax based on
The audit that is made compulsory under statute is called _________.
In a Letter of Credit (LC) transaction, which entities typically play a role in addition to the issuing bank, advising bank, and beneficiary?
According to the capital-asset pricing model (CAPM), a security's required return is equal to the risk-free rate plus a premium. This premium is _____
If the profit is 25% of the cost price, then it is:
In a job order company, factory overheads are allocated using machine hours. Actual overhead = ₹5 lakh, standard overhead based on actual hours = ₹6...
IRR is the rate at which:
What is the amount which is allowed as standard deduction under section 16 from Gross salary while computing the Income under head salary?
What method is used to calculate the Sensex and Nifty indices in India?
