Section 26: Establishment of Sub-Funds

26. Establishment of Sub-Funds.___(1) The Fund, with the approval of the Board, may establish one or more sub-Funds. (2) A Sub-Fund shall have an independent financial capacity and capital. From the date of publication of its establishment in the official Gazette by the Board, the Sub-Fund may acquire legal personality for the purpose of acquiring and holding any assets, property, rights and obligations. (3) The Fund, subject to approval of the Board, may transfer any asset of the Fund to any investment vehicle that may take the form of a sub-fund of the Fund or any other legal entity or trusts. (4) The Fund may accept equity and debt investment, in any manner, from other investors in sub-funds or legal entities or trust owned or managed by the Fund.

Effective date: 2023-08-04

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