Q. With reference to participatory notes (P-Notes), consider the following:

Which of the statements given above is/are correct?

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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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.

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Similar questions

Q. With reference to the Participatory Note (P-Note), consider the following statements:

Which of the statements given above is/are correct?

Q. सहभागी नोट (P-Note) के संदर्भ में, निम्नलिखित कथनों पर विचार कीजिए:

इसका उपयोग अनिवासी भारतीयों द्वारा भारतीय शेयर बाजार में निवेश के लिए किया जाता है।
पी-नोट में निवेशक अंतर्निहित भारतीय प्रतिभूति का स्वामी नहीं होता है।
इसे जारीकर्ता की मंजूरी के बिना हस्तांतरित नहीं किया जा सकता है।

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