Exemption for IFSC-based fund managers: government may modify or relax conditions for eligible investment funds. Central Government may, by notification, declare that one or more conditions in sub-section (3) clauses (a)-(m) or sub-section (4) clauses (a)-(d) of section 9A do not apply or apply with modifications to an eligible investment fund and its eligible fund manager located in an International Financial Services Centre and having commenced operations on or before the specified cut-off date.
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Provisions expressly mentioned in the judgment/order text.
Exemption for IFSC-based fund managers: government may modify or relax conditions for eligible investment funds.
Central Government may, by notification, declare that one or more conditions in sub-section (3) clauses (a)-(m) or sub-section (4) clauses (a)-(d) of section 9A do not apply or apply with modifications to an eligible investment fund and its eligible fund manager located in an International Financial Services Centre and having commenced operations on or before the specified cut-off date.
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