NISM 19D Alternative Investment Fund Managers Certification Exam Notes
Page 44 Of 141
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Fund Governance: Ensures compliance and protects investor interests.
Regulatory Compliance: Mandatory adherence to SEBI and tax laws.
Fund Documents: Include PPM, trust deeds, and contribution agreements.
Tax Pass-Through: Trusts and LLPs allow income to pass to investors without double taxation.
Foreign Investments: Subject to FEMA and SEBI regulations.
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