Independent asset valuation requires Sixth Schedule compliance, subject to an exemption for qualifying fund of funds investments. Valuation of venture capital scheme assets must comply with the investment valuation norms in the Sixth Schedule, and the Fund Management Entity and ... Summary
Independent asset valuation requires Sixth Schedule compliance, subject to an exemption for qualifying fund of funds investments.
Valuation of venture capital scheme assets must comply with the investment valuation norms in the Sixth Schedule, and the Fund Management Entity and fiduciaries must ensure compliance. Assets are to be valued by an independent service provider, including a fund administrator, custodian, registered credit rating agency, registered valuer, or another person specified by the Authority. The requirement does not apply to qualifying fund of funds investments in regulated schemes already valued by an independent entity.
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