June 12, 2024
  • K.P. Krishnan committee on “Variable Capital Company” has submitted its report to International Financial Services centres Authority (IFSCA) regarding feasibility of Variable Capital Companies in International Financial Services Centres in India.
  • IFSCA had set up K.P. Krishnan committee to explore potential for allowing variable capital company (VCC) as an additional option using which asset managers could pool investors’ funds.
  • VCC is an alternative form of corporate vehicle which can be used for open-ended as well as closed-ended alternative and traditional fund strategies. It is a corporate vehicle with flexible capital because of which shares are created when investments are made and shares are readily redeemable by shareholders. It has been designed for fund management industry.
  • It is a corporate vehicle with flexible capital because of which shares are created when investments are made and shares are readily redeemable by shareholders.

 

Print Friendly, PDF & Email

© 2024 Civilstap Himachal Design & Development