Alternative Investment Funds (AIFs) have lately been at the helm of catalysing growth, innovation, and revolutionizing the financial fabric of India.
Explore the critical analysis of Offshore Banking Units (OBUs) and the specialized International Financial Service Centre (IFSC) Banking Units in India. Understand their evolution, advantages, legal compliance, and the unique role of the Reserve Bank of India (RBI) in the regulatory framework.
With the goal set for making the Indian AIF industry a globally competitive one, the chief regulator SEBI, on January 6, 2023, released a consultation paper to impart the flavor of standardisation in the yet extremely haphazard and varied valuation methods of investment portfolios managed by these lately buzzing AIFs.
Regulation of 2012 differentiates these AIFs into three categories: Category I, Category II, and Category III based upon the different investment objectives.
