BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who guides debenture trustess to enhance their disclosures for listed debt securities to protect investor interest?
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Government
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RBI
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SEBI
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None of the above
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Explanation:
Detailed explanation-1: -Issue of debentures should not exceed more than 20% of gross current assets and also loans and advances. 4. Debt-equity ratio in issue of debentures should not exceed 2:1. But this condition will be relaxed for capital intensive projects.
Detailed explanation-2: -A Debenture Trustee is appointed to represent and protect the interests of debenture/bond holders.
Detailed explanation-3: -For existing debt securities, listed entities and debenture trustee(s) shall enter into supplemental/amended debenture trust deed within 120 days from the date of this circular incorporating the changes in the debenture trust deed.
There is 1 question to complete.