While making an investment in the company, investors negotiate significant governance and exit related rights which enable material participation in the IPO process. However, SEBI has been issuing obs...
Published On: 25/07/2023
Practice Area: Corporate & Commercial, Private Client, Financial Services, Private Equity, Venture Capital and Fund Investment
Authors:
In the recent past, an increased number of ultra-high net worth individuals and families started using jurisdictions outside India such as Singapore and Dubai to open ‘family offices’ to utilise and invest their personal income. Targeting such individuals and families, the International Financial Services Centres Authority (“IFSCA”) (which serves as the unified regulatory authority for International Financial Services Centres (“IFSCs”)), gave due recognition to family investment funds (“FIF(s)”) pursuant to the International Financial Services Centre Authority (Fund Management) Regulations, 2022 (“FM Regulations”). The only IFSC currently operational in India is the Gujarat International Finance Tec-City, in Gujarat (“GIFT City”).
