https://www.taxtmi.com/notifications?id=136830 The amendment permits resident Indians (other than individuals) to be constituents of Foreign Portfolio Investor applicants where the applicant is an Alternative Investment Fund established in an International Financial Services Centre and regulated by the International Financial Services Centres Authority, provided the resident entity is a Sponsor or Manager. Contributions by such resident constituents are capped and determined as the lower of a fixed percentage of the applicant's corpus or a fixed monetary ceiling, with different caps for Category I/II and Category III Alternative Investment Funds. A minor punctuation correction is also made. en-us Tue, 26 Oct 2021 00:00:00 +0530 Wed, 27 Oct 2021 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=136830 The amendment permits resident Indians (other than individuals) to be constituents of Foreign Portfolio Investor applicants where the applicant is an Alternative Investment Fund established in an International Financial Services Centre and regulated by the International Financial Services Centres Authority, provided the resident entity is a Sponsor or Manager. Contributions by such resident constituents are capped and determined as the lower of a fixed percentage of the applicant's corpus or a fixed monetary ceiling, with different caps for Category I/II and Category III Alternative Investment Funds. A minor punctuation correction is also made. Notifications SEBI Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=136830