Data & Intelligence
EMPEA Response to SEBI Proposed Amendments to Portfolio Managers Regulations: Section 9A Income Tax Act of 1961
Posted On: 03 Jul 2016
In summary, we strongly support the proposed amendments and believe that they will support the continued investments of Eligible Investment Funds (“EIF”) operating outside of India, encourage offshore fund managers to consider relocation to India and, thereby, will improve the competitiveness of India as a jurisdiction of choice for (Indian and foreign) private fund managers. In addition, we have reviewed the response prepared by the AZB Partners. We support and second that response.
Rashad Kaldany | Executive Vice-President and Growth Markets, CDPQ
David Rubenstein | Co-Founder and Managing Director, The Carlyle Group