Question

Under the IFSCA (Fund Management) Regulations, 2022,

Q: Answer-Under the IFSCA (Fund Management) Regulations, 2022, which of the following is correct regarding the...

The IFSCAs 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.

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?

A The minimum corpus per scheme remains at USD 5 million and open-ended schemes must start only on full corpus achievement.

B The minimum corpus per scheme has been reduced to USD 3 million, and open-ended schemes may commence with USD 1 million and achieve USD 3 million within 12 months.

C The minimum corpus per scheme has been reduced to USD 1 million for all non-retail schemes irrespective of type.

D The minimum corpus per scheme has been increased to USD 10 million owing to larger scale of operations.

E The minimum corpus requirement has been abolished entirely for non-retail schemes to boost flexibility.

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Under the IFSCA (Fund Management) Regulations, 2022,

Solution