IFSCA has issued a framework that will facilitate Co-investment by venture capital schemes and restricted schemes, paving the way for existing schemes to create special schemes to undertake the investments
much faster.
The framework defines the structure, objective and nature of such special schemes. One salient feature of the framework is that these special schemes can make investments even before intimating the Authority. Moreover, the term sheet of the special scheme can be filed with authority within 45 days from the date of investments, thus making the process of investment easier and faster.
The framework is expected to strengthen the GIFT IFSC as global hub of innovation in fund management and IFSCA’s commitment to promote ease of doing business at IFSCs.
