https://www.taxtmi.com/circulars?id=64505 SEBI amended the AIF Regulations to permit a Manager to constitute an Investment Committee to approve investment decisions, and has sought clarification from the Government and the central bank on whether FEMA (Non debt Instruments) Rules apply when such committees include external members who are not resident Indian citizens. Pending that clarification, SEBI will process AIF registration and scheme launch applications where external members are resident Indian citizens, while applications proposing non resident external members will be held until clarification. en-us Thu, 22 Oct 2020 00:00:00 +0530 Thu, 22 Oct 2020 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64505 SEBI amended the AIF Regulations to permit a Manager to constitute an Investment Committee to approve investment decisions, and has sought clarification from the Government and the central bank on whether FEMA (Non debt Instruments) Rules apply when such committees include external members who are not resident Indian citizens. Pending that clarification, SEBI will process AIF registration and scheme launch applications where external members are resident Indian citizens, while applications proposing non resident external members will be held until clarification. Circulars SEBI Thu, 22 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64505