Question
Which of the following is incorrect about FFCB (Foreign
Currency Convertible Bond)? i. Issued by an Indian listed company in overseas market. ii. It’s a debt instrument iii. FCCBs appear on the liabilities side of the issuing company's balance sheet.Solution
FCCB is a Quasi-debt instrument because there is an option of converting the bonds into equity at a price determined at the time the bond is issued. As debt-instrument it ensures minimum guaranteed returns for the investor. Normally FCCBs have a maturity period of about five years during which no call or put option can be exercised.
Certificate for appeal to the Supreme Court is made by High Court as per ______ of the Indian Constitution.
Who may obtain specific performance of a contract according to the provisions of Specific Relief Act?
Ambiguous instruments are those instruments which may be construed
Article 5–11 (Part II) contain citizenship provisions at commencement. Which of the following accurately describes the transitional effect of Article ...
Petty organised crime under Section 112 includes all of the following except:
In which of the following cases court held that –
 the Insolvency Act would prevail over the Transfer of Property Act?
According to the Contract Act under what circumstance is a principal unable to revoke the authority granted to an agent?
The oath is administered to the President of India by
A promoter of a company transfers his shares to another person without proper disclosure. The transfer is questioned on the ground that it violates dis...
Which section of SARFAESI Act provides for registration of asset reconstruction company?
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