The Escrow account under Regulation 9(xi) of SEBI (Buy-Back of Securities) Regulations, 2018, does not include :

CS Executive · Corporate and Management Accounting · PYQS · June 2022
The Escrow account under Regulation 9(xi) of SEBI (Buy-Back of Securities) Regulations, 2018, does not include :
(A) Cash deposited with a scheduled commercial bank
(B) Bank guarantee in favour of the merchant banker
(C) Deposit of acceptable securities with appropriate margin, with the merchant banker
(D) Deposit of acceptable securities with appropriate margin, with a scheduled commercial bank

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

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