Contribution by the FME in the scheme
X X X X Extracts X X X X
X X X X Extracts X X X X
....eme, at least 2.5% of the corpus or USD 750,000, whichever is lower, subject to such contribution not exceeding 10% of the corpus; (b) In case of an open-ended scheme, at least 5% of the corpus or USD 1,500,000, whichever is lower, subject to such contribution not exceeding 10% of the corpus: Provided that the contribution by the FME or its associate shall not be mandatory in case of r....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tion does not exceed 25% of the corpus of the scheme.] (2) The said contribution in proportion to investor's investment in the scheme shall be made by the FME or its associate within forty-five (45) days and maintained on ongoing basis: Provided that the period of forty-five (45) days may be extended subject to the satisfaction of the Authority. (3) The said contribution, if brought i....
X X X X Extracts X X X X
X X X X Extracts X X X X
....heme investing in index schemes or passive ETFs, and the details of inter-se allocation of the underlying schemes are disclosed in the placement memorandum of the scheme.] **************** NOTES:- 1. Substituted vide Notification No. IFSCA/GN/2026/ 015 dated 31-08-2026 w.e.f. 07-09-2026 before it was read as, "Under a restricted schem....
X X X X Extracts X X X X
X X X X Extracts X X X X
....andatory in case of relocated funds /schemes established or incorporated or registered outside India to IFSC: Provided further that ceiling of 10% shall not apply for restricted schemes if: (i) the FME and its associate investing in the scheme, are persons resident outside India and do not have any person resident in India as their ultimate beneficial owners; and (ii) no....
TaxTMI