Conditions on investment.

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..... r resident in India who is eligible under FEMA to invest funds offshore, to the extent of outward investment permitted; (iv) person resident in India having a net worth of at least US Dollar one million during the preceding financial year who is eligible under FEMA to invest funds offshore, to the extent allowed in the Liberalized Remittance Scheme of Reserve Bank of India: Provided that investo .....

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..... mencement of business in IFSC. (5) The requirements such as appointment of trustee, custodian, manager, etc., shall be as specified by the Board. (6) The requirements regarding raising of funds in foreign currency such as minimum investment amount, minimum corpus of fund, disclosures, investment conditions, valuations, types of schemes, professional qualifications, etc., shall be as specified by .....

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