Securities and Exchange Board of India (“SEBI”), in its 209th board meeting dated March 24, 2025, has addressed the compliance challenges faced by Category II Alternative Investment Funds (“Category II AIFs”) due to the recent amendment to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”). Currently, Category II AIFs are required […]
Securities and Exchange Board of India (“SEBI”), vide its circular dated February 14, 2025, has relaxed the timelines for Alternative Investment Funds (“AIFs”) holding their investments in dematerialised form. In terms of Regulation 15(1)(i) of the SEBI (AIF) Regulations, 2012, AIFs are mandated to hold their investments in dematerialised form, subject to such conditions as […]
Securities and Exchange Board of India (“SEBI”), vide its notification dated November 18, 2024, had notified the SEBI (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024 (“AIF Amendment Regulations”), thereby amending the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”). The amendments were introduced with respect to maintaining pro-rata and pari-passu rights of investors in a […]
In January 2025, Securities and Exchange Board of India (“SEBI”), has updated FAQs for grant of registration as an alternative investment fund (“AIF”) and taking on record private placement memorandum (“PPM”) of the scheme (“Updated FAQs”). As per the Updated FAQs, the applicants are required to pay the application fees through online mode available on […]
Securities and Exchange Board of India (“SEBI”), vide its notification dated November 18, 2024, had notified the SEBI (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024 (“AIF Amendment Regulations”), thereby amending the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”). The amendments were introduced with respect to maintaining pro-rata and pari-passu rights of investors in a […]
Securities and Exchange Board of India (“SEBI”), vide its notification dated November 18, 2024, has notified the SEBI (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024 (“AIF Amendment Regulations”), thereby amending SEBI (Alternative Investment Funds) Regulations, 2012. The key amendments are: Pro rata right to investors – The investors of a scheme of an Alternative Investment […]
