Question
Under the IFSCA (Fund Management) Regulations, 2022, which of the following is correct regarding the minimum corpus requirement for a non-retail scheme (such as a venture capital or restricted scheme) after the December 2024 review?
Solution
The IFSCA’s review of the regulations in December 2024 reduced the minimum corpus requirement for non-retail schemes (venture capital and restricted schemes) from USD 5 million to USD 3 million.
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