Author: CS Mufaddal Dalal
Published in: Taxmann
Registration of a Fund Management Entity (FME) – Non-Retail in GIFT City enables fund managers to operate within the regulatory framework of the International Financial Services Centres Authority (IFSCA). Non-Retail FMEs are primarily designed to manage investment funds for institutional investors, family offices, and other sophisticated investors through privately placed investment schemes within the IFSC ecosystem.
To obtain registration, applicants must comply with regulatory requirements such as minimum net worth criteria, governance standards, and ongoing reporting obligations prescribed by IFSCA. These entities can launch and manage restricted schemes, undertake fund management activities, and provide professional investment management services.
The framework aims to attract global fund managers, promote cross-border capital flows, and strengthen India’s position as an emerging international asset management hub.
