https://www.taxtmi.com/acts?id=35865 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. en-us Thu, 31 Jan 2019 18:29:15 +0530 Fri, 01 Feb 2019 12:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35865 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. Act-Rules SEBI Thu, 31 Jan 2019 18:29:15 +0530 https://www.taxtmi.com/acts?id=35865