Exemption

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.... of this rule, "financial service" shall have the meaning as assigned to it in clause (e) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 and "International Financial Service Centre" shall have the meaning as assigned to it in clause (g) of sub-section (1) section 3 of that Act.]     ***************** NOTES:- 1. In....

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....tual Fund shall be determined in combination with the net foreign exchange of the Fund Manager entity to the extent the investible funds of the Alternate Investment Fund or Mutual Fund is being managed by such Fund Manager entity. Explanation: For the purposes of this clause,- (a)"Alternate Investment Fund" shall have the same meaning as assigned to it in the Securities and Excha....