Question
Which of the following is a restriction regarding
investments made by banks in securities/instruments issued by NBFCs?Solution
Banks should not invest in Zero Coupon Bonds (ZCBs) issued by NBFCs unless the issuer NBFC builds up sinking fund for all accrued interest and keeps it invested in liquid investments / securities (Government bonds). Banks are permitted to also invest in Non-Convertible Debentures (NCDs) with original or initial maturity up to one year issued by NBFCs. However, while investing in such instruments banks should be guided by the extant prudential guidelines in force, ensure that the issuer has disclosed the purpose for which the NCDs are being issued in the disclosure document and such purposes are eligible for bank finance.
An agent ____________ personally enforce contracts entered into by him on behalf of his principal, nor is he personally bound by them
Under the Companies Act, when does the winding up of a company by the Tribunal commence?
The liquidator shall hold the liquidation estate as a fiduciary for the benefit of_______________
Which chapter of the Transfer of Property Act, 1882 deals with Leases of Immovable Property?
What type of contract is created when the performance of an existing contract depends on the occurrence or non-occurrence of a collateral and uncertain ...
What is the definition of "gender" according to the Bharatiya Nyaya Sanhita?
A mortgages a piece of land to B and later on builds a house thereon, which of the following conditions is applicable?
Which of the following disease is not caused by polluted water?
Which one of the following is not correctly matched?
Which of the following offence is not compoundable ?
