MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automatic route. As a Compliance Officer of the company answer the following: Allowable limit of expenses fo
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2021
MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automatic route. As a Compliance Officer of the company answer the following: Allowable limit of expenses for the issue of FCCB.
Answer & Explanation:
Allowable limit of expenses for the issue of FCCB - The issue related expenses shall not exceed 4% of issue size and in case of private placement, shall not exceed 2% of the issue size.
Topics: Compliance Management
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