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 · December 2020
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) Deposits of acceptable securities with appropriate margin, with the company

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

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