Launch a Restricted scheme
Non-retail; placement memorandum filed under the green channel.
7 provisions to work through, in order.
Provisions to work through
0 of 7 readNumbers that apply 5
| Number | Controls | Source |
|---|---|---|
| 1,000 investors | Restricted scheme — max investors | Reg 32(1) |
| USD 150,000 (USD 40,000 for FME insiders) | Restricted scheme — minimum investment | Reg 32(2) |
| Min USD 3m; open-ended may commence at USD 1m | Restricted scheme — corpus | Reg 35(2) |
| ≤25% of corpus in unlisted securities | Open-ended restricted — unlisted cap | Reg 35(1) |
| Close-ended: ≥2.5%/USD 750k; Open-ended: ≥5%/USD 1.5m (lower), cap 10% | Restricted scheme — FME contribution | Reg 40(1) (2nd Amdt) |
in Detailed mode.
A decision aid, not legal advice. It points to the provisions to read; it does not replace the notified text of the IFSCA (Fund Management) Regulations, 2025 or a professional review of your facts.
Meet the expert
CS Prashant Kumar
Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker
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.