https://www.taxtmi.com/news?id=17662 The Cabinet approved operational refinements to the Fund of Funds for Start-ups (FFS) requiring AIFs to invest at least twice the FFS contribution in qualifying start-ups; allowed remaining committed funding to be released even if a start-up ceases to qualify before full disbursement; and authorised reimbursement from FFS of post commitment operating expenses for due diligence and related activities, capped at 0.50% of commitments and debited semiannually. en-us Thu, 23 Mar 2017 10:22:27 +0530 Thu, 23 Mar 2017 10:22:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17662 The Cabinet approved operational refinements to the Fund of Funds for Start-ups (FFS) requiring AIFs to invest at least twice the FFS contribution in qualifying start-ups; allowed remaining committed funding to be released even if a start-up ceases to qualify before full disbursement; and authorised reimbursement from FFS of post commitment operating expenses for due diligence and related activities, capped at 0.50% of commitments and debited semiannually. News - Thu, 23 Mar 2017 10:22:27 +0530 https://www.taxtmi.com/news?id=17662