Third-party fund management eligibility requires adequate resources, experienced personnel, and fit and proper status for relevant persons. Third-party fund management services may be provided only to a third-party fund manager incorporated in India, an International Financial Services Centre, ... Summary
Third-party fund management eligibility requires adequate resources, experienced personnel, and fit and proper status for relevant persons.
Third-party fund management services may be provided only to a third-party fund manager incorporated in India, an International Financial Services Centre, or a foreign jurisdiction, with adequate resources and experienced responsible persons. The third-party and its officers, directors, partners, designated partners, key managerial personnel and controlling shareholders must be fit and proper persons. Eligibility is not affected merely because its ultimate or interim parent entity is not engaged in fund management activities.
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