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Fund Management Activities by Eligible Managers Won't Establish Business Connection in India for Eligible Investment Funds.

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....Central Government notifies the countries and specified territories - in the case of an eligible investment fund, the fund management activity carried out through an eligible fund manager acting on behalf of such fund shall not constitute business connection in India of the said fund. - Notification....

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Fund Management Activities by Eligible Managers Won't Establish Business Connection in India for Eligible Investment Funds.