https://www.taxtmi.com/acts?id=54914 Restricted schemes may be open-ended or close-ended. A close-ended scheme must disclose its proposed fundraising amount and a tenure of at least one year in the placement memorandum. Its tenure may be extended by up to two years with approval of two-thirds of investors by investment value. Any further extension requires express consent from willing investors and an exit opportunity for dissenting investors. Restricted schemes must be constituted in an IFSC as a company, limited liability partnership, or trust. en-us Fri, 11 Sep 2026 16:11:59 +0530 Fri, 11 Sep 2026 16:11:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54914 Restricted schemes may be open-ended or close-ended. A close-ended scheme must disclose its proposed fundraising amount and a tenure of at least one year in the placement memorandum. Its tenure may be extended by up to two years with approval of two-thirds of investors by investment value. Any further extension requires express consent from willing investors and an exit opportunity for dissenting investors. Restricted schemes must be constituted in an IFSC as a company, limited liability partnership, or trust. Act-Rules Indian Laws Fri, 11 Sep 2026 16:11:59 +0530 https://www.taxtmi.com/acts?id=54914