https://www.taxtmi.com/notifications?id=138442 The Central Government relaxes specified compliance conditions for an eligible investment fund under section 9A(8A), excluding certain clauses and clarifying that monitoring mechanisms, including the right to appoint directors or an executive director, do not constitute participation in day-to-day operations; it also permits an eligible fund manager to be registered as a portfolio manager or investment advisor under the IFSCA (Capital Market Intermediaries) Regulation, 2021 or other IFSCA regulations, effective on publication in the Official Gazette. en-us Mon, 06 Jun 2022 00:00:00 +0530 Tue, 07 Jun 2022 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=138442 The Central Government relaxes specified compliance conditions for an eligible investment fund under section 9A(8A), excluding certain clauses and clarifying that monitoring mechanisms, including the right to appoint directors or an executive director, do not constitute participation in day-to-day operations; it also permits an eligible fund manager to be registered as a portfolio manager or investment advisor under the IFSCA (Capital Market Intermediaries) Regulation, 2021 or other IFSCA regulations, effective on publication in the Official Gazette. Notifications Income Tax Mon, 06 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=138442