What are the criteria for local residency, qualifications, or substance for AIF Registration, AIF Investment Manager, Sponsor of an AIF, Trustee of an AIF
The AIF Regulations do not allow for the registration of funds that are not incorporated in India. An AIF's Manager entity must also be a company formed in India. An AIF can be sponsored by an Indian organisation or individual as well as a non-Indian entity or individual. There is no requirement in the AIF Regulations that a minimum number of Indian residents be on the team or that such team members of the Manager spend a minimum number of days in India.
It should be noted that if the Manager or Sponsor of an AIF is
a. an entity that is not owned and controlled by resident Indian citizens, or
b. is owned or controlled by persons resident outside India or
c. is/are individuals other than resident Indian citizens,
Then the investment will be subject to the provisions of the Foreign Exchange Management Non-debt Instruments Rules, 2019 &ldquoNDI Rules&rdquo. These indirect foreign investments must adhere to the NDI's rule sectoral caps, price restrictions, and other criteria that apply to foreign investments.
Address : G 41, Sector 63, Noida, Email : reach@corpzo.com, Phone : +91 9999 139 391, Whatsapp : +91 9999 139 391,
What are the criteria for local residency, qualifications, or substance for AIF Registration, AIF Investment Manager, Sponsor of an AIF, Trustee of an AIF
The AIF Regulations do not allow for the registration of funds that are not incorporated in India. An AIF's Manager entity must also be a company formed in India. An AIF can be sponsored by an Indian organisation or individual as well as a non-Indian entity or individual. There is no requirement in the AIF Regulations that a minimum number of Indian residents be on the team or that such team members of the Manager spend a minimum number of days in India.
It should be noted that if the Manager or Sponsor of an AIF is
a. an entity that is not owned and controlled by resident Indian citizens, or
b. is owned or controlled by persons resident outside India or
c. is/are individuals other than resident Indian citizens,
Then the investment will be subject to the provisions of the Foreign Exchange Management Non-debt Instruments Rules, 2019 &ldquoNDI Rules&rdquo. These indirect foreign investments must adhere to the NDI's rule sectoral caps, price restrictions, and other criteria that apply to foreign investments.
Address : G 41, Sector 63, Noida, Email : reach@corpzo.com, Phone : +91 9999 139 391, Whatsapp : +91 9999 139 391,
The AIF Regulations require the following types of AIFs to appoint a custodian for the preservation of securities: a Category III AIFs and b any Category I or Category II AIF having a corpus of m
