https://www.taxtmi.com/acts?id=55013 Fund management entities must appoint independent custodians for retail schemes, open-ended restricted schemes, and schemes managing assets above USD 70 million, subject to an exemption for fund-of-funds schemes whose underlying schemes have independent custodians. Custodians must generally be IFSC-based, although a regulated foreign custodian may be appointed where local issuance laws require it. Existing non-IFSC custodian arrangements must be transitioned to an IFSC-based custodian within twelve months of notification. en-us Fri, 11 Sep 2026 17:12:30 +0530 Fri, 11 Sep 2026 18:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55013 Fund management entities must appoint independent custodians for retail schemes, open-ended restricted schemes, and schemes managing assets above USD 70 million, subject to an exemption for fund-of-funds schemes whose underlying schemes have independent custodians. Custodians must generally be IFSC-based, although a regulated foreign custodian may be appointed where local issuance laws require it. Existing non-IFSC custodian arrangements must be transitioned to an IFSC-based custodian within twelve months of notification. Act-Rules Indian Laws Fri, 11 Sep 2026 17:12:30 +0530 https://www.taxtmi.com/acts?id=55013