Tag: offshore funds

Government proposes to ease tax relief conditions for offshore funds

Posted on By admin
Government proposes to ease tax relief conditions for offshore funds

To strengthen India’s position as a global fund management hub, the Government has proposed to substantially relax the eligibility conditions for an Eligible Investment Fund (EIF) managed from India to avail tax exemption on its global income. As per the Taxation and Other Laws (Amendment) Bill, 2026, to avail tax exemption on global income, offshore…

Read More “Government proposes to ease tax relief conditions for offshore funds” »

Business

Kotak Mahindra says Hindenburg was not an investor in its fund

Posted on By admin
Kotak Mahindra says Hindenburg was not an investor in its fund

File picture | Photo Credit: Reuters Kotak Mahindra International Limited said on Tuesday that U.S. short-seller Hindenburg Research has never been an investor in the K-India Opportunities Fund. Kotak was responding to allegations that Hindenburg colluded with its client Kingdon Capital Management and used a Kotak group offshore fund to short Adani group shares last…

Read More “Kotak Mahindra says Hindenburg was not an investor in its fund” »

Business

SEBI proposes ways for deregistered offshore funds to dispose of securities

Posted on By admin
SEBI proposes ways for deregistered offshore funds to dispose of securities

Securities and Exchange Board of India (SEBI) in Mumbai. File | Photo Credit: REUTERS Markets regulator SEBI proposed on Wednesday ways in which offshore funds whose India licences have expired can dispose of securities they hold, according to a discussion paper issued on the regulator’s website. A discussion paper is the first step taken by…

Read More “SEBI proposes ways for deregistered offshore funds to dispose of securities” »

Business