https://www.taxtmi.com/acts?id=54937 Special situation funds must be close-ended and constituted in an International Financial Services Centre as a company, limited liability partnership, trust, or another permitted legal form. Their tenure must be at least three years and disclosed in the placement memorandum. An extension of up to two years requires approval from investors holding two-thirds by value of investments. Any further extension requires express consent from willing investors and an exit opportunity for dissenting investors. en-us Fri, 11 Sep 2026 16:30:50 +0530 Fri, 11 Sep 2026 16:34:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54937 Special situation funds must be close-ended and constituted in an International Financial Services Centre as a company, limited liability partnership, trust, or another permitted legal form. Their tenure must be at least three years and disclosed in the placement memorandum. An extension of up to two years requires approval from investors holding two-thirds by value of investments. Any further extension requires express consent from willing investors and an exit opportunity for dissenting investors. Act-Rules Indian Laws Fri, 11 Sep 2026 16:30:50 +0530 https://www.taxtmi.com/acts?id=54937