Issuers will now have to pay a penalty of 2% additional interest if they default on repayment of either the principal or interest on the scheduled date
1 min read28 May 2019The regulator also made it clear that the role of debenture trustee is limited to issue of debentures, protecting interest of the debenture holders and matters incidental thereto
1 min read19 Aug 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared