The Securities & Exchange Board of India (SEBI) has asked the custodians of AIFs to state the names of investee companies, quantum of each investment, investible surplus on the day of the investment, and whether the investee company is an ‘associate’ of the fund, among other things.Also, Category I and II AIFs can invest up to ______ of their investible funds in a single entity.
The Securities & Exchange Board of India (SEBI) has asked the custodians of AIFs to state the names of investee companies, quantum of each investment, investible surplus on the day of the investment, and whether the investee company is an ‘associate’ of the fund, among other things. Category I and II AIFs — VC, infrastructure, real estate, PE and stressed asset funds — can invest up to 25% of their investible funds in a single entity. Investible funds refers to the scheme corpus net of expenditure for administration and management.The corresponding limit is 10% for Category III AIFs, which can leverage and take exposure to derivatives. A fund has to take approval of 75% of the investors for putting money in an ‘associate entity’ where there is a conflict of interest. An associate enterprise is a company or a limited liability partnership in which a director/trustee/partner/sponsor/manager of the AIF or a director/partner of the manager/sponsor holds either
What is the time period within which a Banking Company is required to deal or trade in any immovable property acquired by it for its own use?
As laid down under the Insurance Act the duration of the Executive Committee of the Life Insurance Council or the General Insurance Council is _________...
Which of the following cases is commonly known as the "Asylum case"?
Which of the following section of IPC deals with the act not intended to cause death done by consent in good faith for person's benefit ?
When are the members of a Company considered to be severally liable under the Companies Act, 2013?
Subordinate legislation is when
What is estoppel?
According to the Consumer Protection Act which body among the following has the power to appoint an expert for assistance?
What are not included in Indian currency as per the FEMA Act, 1999?
Preliminary decree can be passed in a suit: