SEARCHED FOR:ALTERNATE INVESTMENT FUND
Stamp duty to be applicable to alternative investment funds: Sebi
Registrars to an issue and share transfer agents(RTA) appointed by AIFs would have to collect the stamp duty on issue, transfer and sale of units of AIFs, the regulator said in a circular.
CBDT notifies new rules for foreign investors of AIFs operating in IFSC
The board exempted foreign investors of AIF category I and II from re...
Alternative investment funds seek clarifications on Chinese block
Chinese investors — strategic and financial — pumped in an estimated $4 bil...
Investors uneasy over RBI stand on round tripping
Many investors have reached out to the RBI claiming that the regulation is creating a spectre of harassment.
India is mulling a new way to bring its bad loan burden under control
India is mulling a new category of alternate investment fund to bring its bad loan burden under control.
House panel for abolition of LTCG tax on investments in startups
India's startup sector welcome the recommendation of abolishing long term capital gains (LTCG) in startup investments.
DPIIT to seek nod for startup credit scheme, seed fund
Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.
Realty fund of Rs 12,500 crore may be fully deployed in two years
The fund has already given its final approval for 2 projects — one each from Mumbai and Bengaluru — for disbursement. These projects comprising 1,800 houses stuck in various stages of completion which will provide homes to around 9,000 people.
Govt AIF to ensure complete control of funds' end use, no diversion: SBICAP Ventures
The AIF is taking various steps to ensure complete control of the disbursement of funds, the end use and to avoid any diversion of funds. The fund will also be conservative in assessing the cash inflows on account of receivables and fresh sales while assessing the funding requirements and this is expected to provide a degree of cushion in the funding.
AIF hopes to unlock Rs 26,000 Cr stuck in stalled housing projects
The alternative investment fund is taking multiple steps so that it has complete control of the disbursement and the end use of the funds. This is to ensure that there is no diversion of funds. The fund appoints a project management company and quantity surveyors to keep a track of site-level expenses.
Hedge funds record slowest growth in inflows on higher tax
It has seen the slowest half-yearly growth in investments made during the July-Dec period of 2019.
LIC Housing Finance refers 15 stuck infra projects to AIF
In November last year, the government announced the setting up of a Rs 25,000-crore AIF to provide relief to developers to complete unfinished projects. This was necessitated after several housing projects were left unfinished due to the unfavourable growth environment and a funds squeeze. Mohanty said that growth is finally reviving.
AIF investment rises to Rs 1.4 lakh crore in December quarter
At the end of September 2019 quarter, the investment stood at Rs 1.25 lakh crore.
Govt mulls investment fund to pay off discoms' dues towards gencos
According to government data, discoms owe Rs 92,602 crore to gencos as of February this year. The creation of the fund assumes significance in view of lower power demand during the coronavirus lockdown. Electricity demand has reduced by a third during the lockdown.
Sebi issues performance benchmarking guidelines for AIFs
A template for Private Placement Memorandum in the case of these funds has also been issued.