Management and advisory services to FPIs from IFSCs allowed with thematic-scheme ban and restricted contra-position trading. AMCs may provide management and advisory services to FPIs operating from International Financial Services Centres and regulated by the IFSC regulator even if not previously specified, provided such FPIs are prohibited from investing in mutual fund schemes classified as thematic and are subject to a restriction on taking contra-positions in equity and equity derivative securities listed on recognized Indian exchanges for a prescribed post-trade period.
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.
Management and advisory services to FPIs from IFSCs allowed with thematic-scheme ban and restricted contra-position trading.
AMCs may provide management and advisory services to FPIs operating from International Financial Services Centres and regulated by the IFSC regulator even if not previously specified, provided such FPIs are prohibited from investing in mutual fund schemes classified as thematic and are subject to a restriction on taking contra-positions in equity and equity derivative securities listed on recognized Indian exchanges for a prescribed post-trade period.
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