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Question
Q. With reference to participatory notes (P-Notes), consider the following:
Which of the statements given above is/are correct?
Q. With reference to participatory notes (P-Notes), consider the following:
Which of the statements given above is/are correct?Open in App
Solution
The correct option is A
1 only
Explanation:
Statement 1 is correct: Participatory notes also referred to as P-Notes, or PNs, are financial instruments required by investors or hedge funds to invest in Indian securities without having to register with the Securities and Exchange Board of India (SEBI).
Statement 2 is incorrect: According to the recent Guidelines of India, the transfers of P-notes can be done only after the approval of the issuer and only to those who are on a pre-approved list.
1 only
Explanation:
Statement 1 is correct: Participatory notes also referred to as P-Notes, or PNs, are financial instruments required by investors or hedge funds to invest in Indian securities without having to register with the Securities and Exchange Board of India (SEBI).
Statement 2 is incorrect: According to the recent Guidelines of India, the transfers of P-notes can be done only after the approval of the issuer and only to those who are on a pre-approved list.
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