https://www.taxtmi.com/circulars?id=67433 Regularisation is directed for issuances of partly paid units by Alternative Investment Funds to persons resident outside India made prior to the amendment, to be accomplished through compounding under the Foreign Exchange Management Act, 1999; before approaching the Reserve Bank for compounding, Authorised Dealer Category I banks must ensure reporting of such issuances on the FIRMS Portal and issuance of conditional acknowledgements, and notify their customers accordingly. en-us Tue, 21 May 2024 00:00:00 +0530 Tue, 21 May 2024 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67433 Regularisation is directed for issuances of partly paid units by Alternative Investment Funds to persons resident outside India made prior to the amendment, to be accomplished through compounding under the Foreign Exchange Management Act, 1999; before approaching the Reserve Bank for compounding, Authorised Dealer Category I banks must ensure reporting of such issuances on the FIRMS Portal and issuance of conditional acknowledgements, and notify their customers accordingly. Circulars FEMA Tue, 21 May 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67433