IFSCA has issued clarification regarding Maintenance of net worth by Fund Management Entity

IFSCA on February 16, 2024 has issued clarification regarding Maintenance of net worth by Fund Management Entity. In case the net worth of any FME falls below the specified networth, such FME shall not–

  1. Launch new schemes in IFSC;
  2. Onboard new clients towards any of the activities or undertake new business activities permitted under the Fund Management Regulations;

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