Data & Intelligence

EMPEA Response to SEBI Proposed Amendments to Portfolio Managers Regulations: Section 9A Income Tax Act of 1961

In summary, we strongly support the proposed amendments and believe that they will support the continued investments of Eligible Investment Funds (“EIF”) operating outside of India, encourage offshore fund managers to consider relocation to India and, thereby, will improve the competitiveness of India as a jurisdiction of choice for (Indian and foreign) private fund managers. In addition, we have reviewed the response prepared by the AZB Partners. We support and second that response.

EMPEA has served as a useful reference platform for CDPQ by helping to define the eligible universe of fund managers in growth markets. Membership provides background data and a...

Rashad Kaldany | Executive Vice-President and Growth Markets, CDPQ

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Managing Director, The Carlyle Group