Question

Which of the following statements is/are not true with respect to the relaxation of the norms done by SEBI for borrowings through the issuance of debt securities by large corporates to meet their financing needs?
I. Under the rule, entities qualified as large corporates are required to meet 25 per cent mandatory borrowing from bonds.
II. Presently, if at the end of three years, there is a shortfall in the requisite borrowings, a monetary penalty of 0.2 per cent of the shortfall in the borrowed amount is levied.
III. The framework will be applicable from April 1, 2025, for LCs following April-March as their financial year.

A Only I
B Only III
C Only I & II
D Only II & III
E None of these
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