Schemes for Fund Management: Defining Venture Capital Schemes At the core of the finance industry, Venture Capital (VC) Schemes play a crucial role in fostering economic growth and innovation. Often, such schemes offer critical financial backing to start-ups, emerging, or early-stage venture capital undertakings. Let’s delve deeper into the specifics of these essential features of Fund Management Schemes. Understanding Venture Capital Schemes In essence, Venture Capital Schemes primarily invest in unlisted securities of start-ups and […]

New Rules Proposed by RBI on Bank Dividends The Reserve Bank of India (RBI) has recently delivered new proposals regarding the declaration of dividends by banks. This marks nearly two decades since any new update on these regulations. Many industry players have commented that these proposed rules are unlikely to dramatically change the modus operandi of several lenders. RBI’s Proposed Changes to Dividend Declaration The new framework proposed by RBI puts forth several critical changes. […]

Step-by-Step Breakdown of License Renewal Procedure upon Expiry The renewal of the license of an International Insurance Intermediary Office (IIIO) is a critical aspect to consider for continued seamless functioning within the stipulated legality. An expired license needs to be renewed promptly, and there is a well-defined process in place for performing this task, which we’ll break down in further detail. Case I: The Early Bird Advantage – Application within sixty Days Efficiency always carries […]

Unraveling the Necessity of Professional Indemnity Insurance for an IIIO With the requirements of operating as an International Insurance Intermediary Office (IIIO) continually evolving, it is imperative to examine one key question that often surfaces. That pivotal query is this: Does an IIIO require professional indemnity insurance? Well, to answer that question, we delve into the details specified under Regulation 14 of the IIIO Regulations. Taken together, their interpretation presents a comprehensive understanding. Mandatory Procurement […]

The Journey towards obtaining FME Registration from IFSCA: Understanding the Eligibility Criteria For any entity desiring to embark on the journey of acquiring registration as a Fund Management Entity (FME) from the International Financial Services Centres Authority (IFSCA), understanding and meeting the eligibility conditions, as stated in Chapter II of the Regulations, is of paramount importance. Along this journey, the applicant will encounter essential criteria that they must satisfy. These include: A track record and […]