This information is strictly intended for and distributed to “Accredited Investors” as defined by the Securities and Exchange Board of India (“SEBI”) in accordance with its circulars, including SEBI/HO/IMD/IMD-I/DF9/P/CIR/2021/620 and any subsequent amendments thereto.
Recipients of this information who are residents of India must hold a valid “Accredited Investor Certificate” issued by a SEBI-recognized Accreditation Agency (e.g., CDSL Ventures Limited - CVL) and may be required to provide proof of such certification 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. The Feeder Fund and the Master Fund are offshore funds and are not registered as Alternative Investment Funds (AIFs) with SEBI. Therefore, they are not subject to the same regulatory framework and oversight as SEBI-registered AIFs.
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). 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). 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.