https://www.taxtmi.com/notifications?id=142108 Regulation 4(c) now requires that a single NRI/OCI/resident Indian individual contribute less than twenty-five percent of an applicant's corpus, with aggregate contributions of NRIs, OCIs and resident Indian individuals capped below fifty percent; resident Indian individual contributions must be made through the RBI's Liberalised Remittance Scheme into global funds with Indian exposure under fifty percent; such persons must not control the applicant; the Board may specify further conditions. Provisos exempt IFSC-regulated applicants subject to Board conditions and preserve existing Board exemptions as of notification. en-us Wed, 26 Jun 2024 00:00:00 +0530 Fri, 28 Jun 2024 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142108 Regulation 4(c) now requires that a single NRI/OCI/resident Indian individual contribute less than twenty-five percent of an applicant's corpus, with aggregate contributions of NRIs, OCIs and resident Indian individuals capped below fifty percent; resident Indian individual contributions must be made through the RBI's Liberalised Remittance Scheme into global funds with Indian exposure under fifty percent; such persons must not control the applicant; the Board may specify further conditions. Provisos exempt IFSC-regulated applicants subject to Board conditions and preserve existing Board exemptions as of notification. Notifications SEBI Wed, 26 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142108