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Dr. K.P. Krishnan headed expert committee on Variable Capital Company has submitted its report on the feasibility of Variable Capital Companies in the International Financial Services Centres to the Chairperson of the International Financial Services Centres Authority (IFSCA), Shri. Injeti Srinivas. International Financial Services Centres Authority constituted a Committee of Experts (the Committee) to examine the feasibility of the Variable Capital Company (VCC) in India to examine the suita
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FAQ :
Dr. K.P. Krishnan headed the expert committee on Variable Capital Company.
The committee was formed to examine the feasibility and suitability of the Variable Capital Company (VCC) as a vehicle for fund management in India's International Financial Services Centres (IFSCs).
A VCC is a legal structure that allows asset managers to pool investor funds and offers advantages over traditional companies and LLPs, including higher regulatory standards.
Currently, funds in India are typically pooled through limited liability companies, limited liability partnerships, and trusts.
Yes, the committee assessed the features of a VCC or its equivalent in jurisdictions such as the UK, Singapore, Ireland, and Luxembourg.
The committee recommended the adoption of a VCC-like legal structure for conducting fund management activity in India's IFSCs.
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