A. Company used same underlying for multiple transactions. Is it legal or illegal to use same underlying for multiple transactions? Explain your answers using

relevant laws in India (if necessary)

B. What are the motives and risk of using same underlying assets for multiple derivative transactions?

C. What were the cause for CHF appreciation and Rupee depreciation during the period under consideration?

D. Can the exposure be treated as speculation and subject to Income tax department scrutiny or it is a normal business transaction?