Sponsor Contribution to an overseas AIF shall qualify as ODI

Any sponsor contribution from a sponsor IP to an Alternative Investment Fund (AIF) set up in an overseas jurisdiction, including International Financial Services Centres (IFSCs) in India, as per the laws of the host jurisdiction, will be treated as Overseas Direct
Investment (ODI).

Revised Fee structure for IFSC Banking Units

The fees payable for the period 1st October 2020 to 31st March 2021 and financial year 2021-22 shall be paid by the BUs within one month of this circular. From next financial year onwards, the annual fee shall be payable within 30 days from the beginning of financial year.