WebApr 13, 2024 · After its establishment as a unified authority governing the IFSC at GIFT City, the IFSCA further addressed stakeholder concerns by issuing Circular dated December 9, 2024 (“2024 Circular) which ... WebApr 13, 2024 · AIF Regulations prohibit CAT I/II AIFs from investing more than 25%, and 10% for CAT III, of their investible funds in one company. As it is common for offshore …
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WebAIF Establishment in GIFT City. The SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) also apply to AIFs in the IFSC. AIFs in IFSCs, on the other hand, have been granted specific dispensations to provide them with greater operational freedom while preserving tax efficiency. WebDec 11, 2024 · Nonetheless, it is certain that the Circular has fundamentally eased investment norms for the AIF regime in IFSCs to a large extent, and hence, has paved way for GIFT City to become a playground for fund managers to explore, innovate, and re-invent existing fund structures, in and through IFSCs. is chicken broth considered vegetarian
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WebDec 4, 2024 · Background. In March, 2015, SEBI had issued guidelines for facilitating and regulating financial services relating to securities market in an International Financial Service Centre (“IFSC”) set up under section 18(1) of Special Economic Zones Act, 2005 at GIFT City, Gujarat.While these guidelines provided a broad framework for setting up of … WebApr 5, 2024 · India’s first International Financial Services Center (IFSC) was established in 2015 in the Gujarat International Financial Tec-City (GIFT City) – a greenfield … WebJul 1, 2024 · In a move that seeks to both incentivise as well as expedite the setting up of AIFs by Indian managers in the GIFT City, the Reserve Bank of India (“RBI”) on May 12, 2024 issued a circular ... is chicken broth considered a clear broth