Decision tool

Prepare for inspection

Records readiness is continuous, not assembled after a notice.

5 provisions to work through, in order.

Provisions to work through

0 of 5 read

Reg 119 — Maintenance of books of account, records and other documentsOpen
Reg 138 — InspectionOpen
Reg 139 — Obligations of FME on inspectionOpen
Reg 142 — Action by the Authority upon inspection.Open
Reg 143 — Suspension, cancellation of registration or any other actionsOpen

Numbers that apply 1

Number	Controls	Source
8 years (books/records); 5 years after winding-up (scheme records)	Record retention	Reg 119(2),(3)

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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

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.

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