NISM 19C Alternative Investment Fund Managers Exam Notes
Page 22 Of 154
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Tax Pass-Through: Category I and II AIFs enjoy tax pass-through status.
Fund Tenure: Fixed tenure with possible extensions upon approval.
Custodian Mandate: Mandatory for Category III and large Category I/II AIFs.
SEBI Inspections: Regular inspections ensure compliance with regulations.
Grievance Redressal: AIFs must have mechanisms to address investor complaints.
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NISM 19C Alternative Investment Fund Managers
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