Direct Tax Planning And Management By Singhania Pdf 31

Thirdly, Category III AIF shall charge a distribution fee/ placement fee, if any, to investors only on an equal trail basis i.e. no upfront distribution/ placement fee shall be charged by Category III AIFs directly or indirectly to their investors. Further, any distribution fee/ placement fee paid shall only be from the management fee received by the manager of such Category III AIFs.