This information is strictly intended for and distributed to persons who qualify as "Accredited Investors" or equivalent non-retail investor categories under applicable Indian securities and fund management regulations, including circulars issued by the Securities and Exchange Board of India ("SEBI") (including SEBI/HO/IMD/IMD-I/DF9/P/CIR/2021/620) and regulations issued by the International Financial Services Centres Authority ("IFSCA"), each as amended from time to time.
Recipients of this information who are residents of India must satisfy the applicable investor eligibility criteria under the relevant regulatory framework and may be required to provide proof of such eligibility prior to any investment.
1. No Public Offer in India & SEBI Registration Status This material does not constitute a public offer or an invitation to the public to subscribe for any securities in India. Certain vehicles through which investors may access the Master Fund are offshore funds and are not registered with SEBI, and are therefore not subject to the same regulatory framework and oversight as SEBI-registered Alternative Investment Funds, while other vehicles may be registered as Alternative Investment Funds with IFSCA, and are subject to the regulatory framework applicable to IFSCA-registered funds. The applicable regulatory framework, investor eligibility criteria, and investor protections may differ depending on the specific vehicle through which an investment is made.
2. Compliance with Indian Regulations (FEMA & RBI) Indian residents interested in investing in the Funds are solely responsible for ensuring their investment complies with all applicable Indian laws and regulations. This includes, but is not limited to, the Foreign Exchange Management Act, 1999 (“FEMA”) and all rules, regulations, and reporting requirements issued by the Reserve Bank of India (“RBI”) concerning overseas investments (e.g., under the Liberalised Remittance Scheme)as well as any applicable regulations issued by IFSCA, as relevant to the specific vehicle. Prospective Indian investors must obtain independent legal and financial advice to ensure full compliance with all Indian regulatory requirements.
3. Indian Tax Implications Prospective Indian investors are strongly advised to consult their own tax advisors regarding the Indian income tax, capital gains tax, Goods and Services Tax (GST), and any other tax implications of investing in, holding, and divesting from the Funds, including the tax implications of investing through an offshore feeder structure.
4. Governing Law and Jurisdiction The rights and obligations of investors in the Funds will be governed by the laws of Singapore and Cayman Islands (For Cayman Feeder Fund) or such other jurisdiction as specified in the applicable Definitive Documentation for the relevant investment vehicle.. Any disputes concerning this information or an investment by an Indian investor will be subject to the jurisdiction and dispute resolution mechanisms specified in the definitive investment documents.