Restricted scheme corpus and related-party investment controls require minimum funding, investor approvals, and disclosure-based fund-of-funds exceptions. Restrictions on investment and corpus of restricted schemes cap an open-ended scheme's investment in unlisted securities at twenty-five per cent of its ... Summary
Restricted scheme corpus and related-party investment controls require minimum funding, investor approvals, and disclosure-based fund-of-funds exceptions.
Restrictions on investment and corpus of restricted schemes cap an open-ended scheme's investment in unlisted securities at twenty-five per cent of its corpus. Open-ended schemes may invest in unlisted securities only after attaining a minimum corpus of USD 3 Million. Restricted schemes must maintain a minimum corpus of USD 3 Million; an open-ended scheme may begin investment activity after raising USD 1 Million but must attain the required corpus within 12 months of communication that its placement memorandum has been taken on record.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.