Investment eligibility in IFSC funds limits investor types and mandates foreign currency subscriptions with prescribed investment and governance conditions. Investment in alternative investment funds or mutual funds operating in an IFSC is limited to specified non resident and qualifying resident investors eligible under foreign exchange rules; certain resident investors remain subject to central bank guidelines. Funds must accept only foreign currency subscriptions and may invest in IFSC listed securities, securities of IFSC incorporated companies, and securities of foreign jurisdiction companies. Asset management companies must meet prescribed net worth thresholds, and governance, fundraising, disclosure, valuation and professional qualification requirements are to be prescribed by the regulator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment eligibility in IFSC funds limits investor types and mandates foreign currency subscriptions with prescribed investment and governance conditions.
Investment in alternative investment funds or mutual funds operating in an IFSC is limited to specified non resident and qualifying resident investors eligible under foreign exchange rules; certain resident investors remain subject to central bank guidelines. Funds must accept only foreign currency subscriptions and may invest in IFSC listed securities, securities of IFSC incorporated companies, and securities of foreign jurisdiction companies. Asset management companies must meet prescribed net worth thresholds, and governance, fundraising, disclosure, valuation and professional qualification requirements are to be prescribed by the regulator.
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