2023
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Hace 10 horas · The Reserve Bank of India (“RBI”) vide its circular dated May 21, 2024 (“Circular”), [1] has required that issuance of partly paid-up units by Alternative Investment Funds (“AIFs”) to foreign investors prior to March 14, 2024, should be regularised through compounding under Foreign Exchange Management Act, 1999 (“FEMA”). ...
