cs vinay mehta

*Why Dubai is favourite place for starting business by Indian Citizens* Dubai has become a popular destination for Indian entrepreneurs to start and grow their businesses. Here are some reasons why Dubai is a favorite place for starting a business, especially for Indian persons: *Business-Friendly Environment* 1. *Free Zones*: Dubai offers various free zones, such as Dubai Airport Free Zone, Dubai Internet City, and Dubai Media City, which provide 100% foreign ownership, tax exemptions, and other benefits. 2. *Simplified Regulations*: Dubai has a relatively simple and straightforward regulatory environment, making it easy for Indian entrepreneurs to set up and operate their businesses. *Strategic Location* 1. *Geographical Advantage*: Dubai's strategic location between East and West makes it an ideal hub for trade, logistics, and tourism. 2. *Access to Global Markets*: Dubai's proximity to India, Africa, and Europe provides easy access to these markets, making it an attractive ...

  SEBI has issued a circular, SEBI/HO/AFD/AFD-POD-1/P/CIR/2024/135, dated October 8, 2024, regarding specific due diligence requirements for Alternative Investment Funds (AIFs) and their investments. This circular aims to prevent the circumvention of laws, particularly those related to Qualified Institutional Buyers (QIBs), Qualified Buyers (QBs), RBI-regulated lenders, and investments from countries sharing land borders with India. Key Requirements: - Due Diligence for QIBs and QBs: AIFs must conduct due diligence on investors contributing 50% or more to the scheme's corpus to prevent ineligible investors from availing QIB or QB benefits. - RBI-Regulated Lenders: AIFs with RBI-regulated lenders or investors must ensure compliance with RBI norms on income recognition, asset classification, provisioning, and restructuring of stressed assets. - Investments from Border Countries: AIFs with investors from countries sharing land borders with India must conduct due diligence and report i...

This notification from the Securities and Exchange Board of India (SEBI) outlines requirements regarding certification for individuals associated with Alternative Investment Funds (AIFs). According to the notification: - Key personnel within the investment team of an AIF Manager must obtain certification. - This certification is to be obtained by passing the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination. - The certification requirement is in accordance with the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007, and clause (g) of regulation 4 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. This notification aims to ensure a certain level of competence and professionalism among those involved in managing Alternative Investment Funds in India.