IFSCA Relaxes Rules for Family Investment Funds in GIFT City

Fund structures are gaining popularity among wealthy individuals in India as optimum structures to help with wealth planning, investments, and tax management. Family offices are viewing GIFT City, India’s first international financial services centre (“IFSC”), for the purpose of facilitating global investments in a structured manner. 

The IFSC funds regime envisages a ‘Family Investment Fund’ (“FIF”) as a self-managed fund set up in the IFSC for pooling money from a ‘single family’. FIFs can be set … Read the rest

Hail and farewell

Hail and farewell

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Today is the last day for our editor, James Romoser. The blog hired James nearly three years ago, in the middle of the pandemic, after a series of interviews over (of course) Zoom. We had only met him once in person several years before, and even after hiring him we still would not meet him in person for many months to come.

Although our early meetings with James may have been virtual, his impact on the blog was very … Read the rest