https://www.taxtmi.com/news?id=15920 Section 9A provides that fund management activity by an eligible fund manager for an eligible offshore investment fund will not constitute a business connection or cause the fund to be resident in India. The Rules establish a pre-approval mechanism protecting the benefit of Section 9A unless withdrawn in limited circumstances, mandate a look-through for participation and membership determination, set investor diversification relaxations and 90-day tolerances for temporary non-compliance and reporting delays, define control at 26% voting rights, and limit loss of eligibility to sustained non-arm's-length remuneration findings over specified multi-year periods. en-us Wed, 16 Mar 2016 17:20:55 +0530 Wed, 16 Mar 2016 17:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15920 Section 9A provides that fund management activity by an eligible fund manager for an eligible offshore investment fund will not constitute a business connection or cause the fund to be resident in India. The Rules establish a pre-approval mechanism protecting the benefit of Section 9A unless withdrawn in limited circumstances, mandate a look-through for participation and membership determination, set investor diversification relaxations and 90-day tolerances for temporary non-compliance and reporting delays, define control at 26% voting rights, and limit loss of eligibility to sustained non-arm's-length remuneration findings over specified multi-year periods. News - Wed, 16 Mar 2016 17:20:55 +0530 https://www.taxtmi.com/news?id=15920