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: Furnishing of report to Reserv
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: Furnishing of report to Reserve Bank of India on completion of the issue.
Answer & Explanation:
Furnishing of report to Reserve Bank of India on completion of the issue - The issuing entity shall, within thirty days from the date of completion of the issue, furnish a report to the concerned Regional Office of the Reserve Bank of India through a designated branch of an Authorized dealer giving the details and documents as under- Total amount of FCCB issued; Names of investors' resident outside India and number of FCCBs issued to each of them.
Topics: Compliance Management
Related Questions in this Topic
- Effective compliance program should have ability to monitor audit compliance in a 'real time manner'. To facilitate this...
- The All-India Financial Institution while granting term loans to companies insist on certain formalities to be completed...
- MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automati...
- MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automati...
- MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automati...