Start learning 50% faster. Sign in now
Ø SSFs can be launched by a registered FME Ø SSFs are permitted to acquire special situation assets, which includes: - Stressed loan available for acquisition - Security Receipts (SRs) issued by an Asset Reconstruction Company (ARC) registered with the RBI - Securities of investee companies (i) whose stressed loans are available for acquisition, (ii) against whose borrowings, SRs have been issued by an ARC, (iii) whose borrowings are subject to corporate insolvency resolution process, (iv) who has continuing default of loans, subject to conditions Ø Only close ended SSFs are permissible, with minimum tenure of 3 years Ø Extension of the tenure of the close ended special situation fund may be permitted up to two (2) years Ø subject to approval of two-thirds (2/3rd) of the investors by value: Ø Provided that any further extension beyond two (2) years may be considered subject to express consent of the investors and exit opportunity shall be provided to other investors. Ø Scheme corpus, eligible investors, investment conditions may be specified by the IFSCA Ø Leverage not permissible except to meet day to-day operational requirements Ø A special situation fund shall be constituted in IFSC as a company or LLP or Trust under the applicable laws of India.
The difference between the cost price and selling price of a bat is Rs 180. If there is a profit of 20%, then what is the selling price of the bat?
Who regulates the issuance and trading of commercial paper in India?
Which country will host the World Environment Day 2022 in partnership with the UN Environment Programme (UNEP)?
'Milk Fever' disease in cows and buffaloes is caused due to
Which of the following are the downstream oil and gas companies in India?
Which of the following scheme lays special emphasis on targeting the poorest of the poor and the most vulnerable communities and their financial inclusion?
Five banks were fined ₹2.6 crore by RBI in 2024 for failing to follow its regulatory rules. Which of the following is not one of them?
Largest-Indian state in terms of area is:
Which Indian state has commenced a census based on caste, following Bihar's lead as the second state to undertake such an initiative?
Consider the following statements about Padma Vibhushan Award for the year 2020.
1. Shri George Fernandes received this award posthumously for P...