FME Regulatory Intelligence, Learning & Practice · IFSCA (Fund Management) Regulations, 2025

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Practical analysis of the IFSCA (Fund Management) Regulations for FMEs, their advisers and compliance teams.

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SEBI · PMSSEBI PMSSEBI PMS Regulations 2026: what changes on 1 April 2027The SEBI (Portfolio Managers) Regulations, 2026 replace the 2020 Regulations on 1 April 2027. What carries over, what is new, and the deadlines existing portfolio managers must plan for.14 Oct 2026 · 2 min readSEBI · PMSSEBI PMSWhat is PRIM? SEBI's new PMS route for mutual fund investingPRIM lets a portfolio manager build a personal portfolio of direct-plan mutual funds for a client, with a ₹25 lakh minimum and a lighter net worth rule. Here is how it works.14 Oct 2026 · 2 min readSEBI · PMSSEBI PMSPMS minimum investment, net worth and fees under the 2026 RegulationsHow much a client must invest in PMS and PRIM, who is exempt, how much net worth a portfolio manager needs, and what SEBI charges, with worked examples.14 Oct 2026 · 2 min readSEBI · AIFSEBI AIFSEBI AIF categories explained: Category I, II and III for beginnersWhat an Alternative Investment Fund is, how SEBI's three categories differ, the sub-categories inside Category I, and the entry rules every AIF must meet, with worked examples.12 Oct 2026 · 3 min readSEBI · AIFSEBI AIFLaunching an AIF scheme after the July 2026 amendment: filing, fees and first closeThe placement memorandum now goes to SEBI ten working days before launch, the first scheme pays no fee, and Accredited Investors only funds sit outside the filing route. A step-by-step guide with a worked timeline.11 Oct 2026 · 2 min readSEBI · AIFSEBI AIFAngel funds under the SEBI AIF Regulations: a practical guide for managers and investorsWho can invest, how much a fund can put into each start-up, the deal-by-deal approval rule, the manager's continuing interest, and what changed in July 2026.10 Oct 2026 · 2 min readCross-frameworkComparisonGIFT IFSC FME or SEBI AIF? A side-by-side guide for first-time fund sponsorsWho you register, in which currency the numbers work, ticket sizes, investor limits, minimum corpus, the manager's contribution and how a scheme launches, compared rule by rule.9 Oct 2026 · 2 min readGIFT IFSC · IFSCAAmendmentsThe Second Amendment, 2026 to the IFSCA FM Regulations: what changed for FMEsContribution, parking, disclosure clocks, valuation, PPM extensions, the annual report and the fiduciaries' checklist: the changes that matter in practice.7 Oct 2026 · 4 min readGIFT IFSC · IFSCARegistrationAuthorised, Registered (Non-Retail) or Registered (Retail): which FME category do you need?The three categories under Regulation 3, what each can do, the net worth each needs, and the traps in choosing too low or too high.7 Oct 2026 · 2 min readGIFT IFSC · IFSCASchemesFME contribution after September 2026: the 'whichever is lower' rule, with worked examplesHow much skin in the game an FME must put in each scheme type, the 10% ceiling and its exceptions, timing, and the exemptions.7 Oct 2026 · 2 min readGIFT IFSC · IFSCAGovernanceKMPs for FMEs: eligibility, the certification deadline and what to do when a post falls vacantWho the KMPs are, the 2026 eligibility rules, the ICSI/ICAI certification requirement and the 3-month and 6-month vacancy clocks.7 Oct 2026 · 2 min readGIFT IFSC · IFSCASchemesPPM validity and extensions: why VC and restricted schemes now differ from retail schemes and SSFsThe 12-month window to first close, and the two extension regimes that now apply, side by side.7 Oct 2026 · 2 min readGIFT IFSC · IFSCAAmendmentsIFSCA FAQ answers the Second Amendment has overtaken: a practitioner's checklistThe FAQs on the FM Regulations were last updated on 30 June 2026. These answers no longer match the amended text.7 Oct 2026 · 2 min read

Published in professional journals

Articles by Prashant Kumar in The Chartered Accountant (ICAI) and Chartered Secretary (ICSI).

The Chartered AccountantICAI

June 2025 · pp. 54–58 · Commercial Law

Legal and Regulatory Challenges in FDI Dispute Resolution: Navigating Complexities through International Arbitration and Mediation

Classifies FDI disputes as contractual, regulatory and investor-state; examines BITs, FTAs, forum selection, consent to arbitration and sovereign immunity through cases such as Yukos v. Russia and Philip Morris v. Uruguay; and makes the case for mediation.

Read on icai.org PDF
The Chartered AccountantICAI

January 2025 · pp. 67–71 · Corporate Governance

Skilling India with Corporate Social Responsibility

How CSR under Section 135 of the Companies Act, 2013 can drive skill development: the legal framework, CSR committees and spending, the case for skilling, and the challenges of measuring long-term impact.

Read on icai.org PDF
The Chartered AccountantICAI

March 2024 · pp. 107–111 · Commercial Laws

The Crucial Role of Intellectual Property in Modern Business Practices

Patents, copyrights, trademarks, trade secrets, designs and GIs; the international treaty framework (Berne, Paris, TRIPS, PCT, Madrid, Hague) and India's IP statutes; and IP as a strategic business asset.

Read on icai.org PDF
Chartered SecretaryICSI

August 2023 · pp. 73–80 · Article

Implementation of Merger Remedies Under Indian Competition Law – Legal History of the Last Decade

A decade of CCI merger remedies: the 22 combinations approved with structural, behavioural or hybrid remedies, gun-jumping penalties including Amazon/Future Coupons, and the Delhi High Court's ruling in Eaton v. CCI.

Co-authored with Nikita Sharma

Read on icsi.edu PDF
Prashant Kumar

Meet the expert

CS Prashant Kumar

Company Secretary & Compliance Officer, Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker

Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.

13+years in compliance and governanceFCSFellow member, ICSIIFSCACompliance Officer at a licensed intermediaryAuthorCo-author, Audit Under Fire
Published inThe Chartered AccountantJune 2025The Chartered AccountantJanuary 2025The Chartered AccountantMarch 2024Chartered SecretaryAugust 2023
Prashant Kumar

Meet the expert

CS Prashant Kumar

Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker

13+ years of experienceFCS Fellow member, ICSIAuthor Audit Under Fire

Published in The Chartered Accountant (Jun 2025, Jan 2025, Mar 2024) and Chartered Secretary (Aug 2023)

Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.