Multiple choice

When a securitization company issues a security receipt that is purchased by qualified institutional buyers,

  1. it requires registration with Registrar of Companies

  2. it requires registration with Central Registry

  3. it requires registration with Registrar of Assurances

  4. it does not require any registration

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

"Security receipt" means a receipt or other security, issued by a securitization company or reconstruction company to any qualified institutional buyer pursuant to a scheme, evidencing the purchase or acquisition by the holder thereof, of an undivided right, title or interest in the financial asset involved in securitization. Thus, in that case, it does not require any registration.

Keep practicing — related questions