In June 2023, Securities and Exchange Board of India (“SEBI”) mandated all schemes of Alternative Investment Funds (“AIFs”) to issue or convert their units in dematerialised form within a specified timeframe. SEBI, vide its circular dated December 11, 2023, has now laid down the process for dematerialising/ crediting the units issued by AIFs, where investors […]
Securities and Exchange Board of India (“SEBI”), in its board meeting held on November 25, 2023, approved the following decisions: Amendments to SEBI (Real Estate Investment Trusts) Regulations, 2014, so as to create a regulatory framework for facilitating Small and Medium Real Estate Investment Trusts (“SM REITs”). SM REITs with an asset value of at […]
As per the extant guidelines on overseas investments, alternative investment funds (“AIFs”) and venture capital funds (“VCFs”) had a time limit of 6 months from the date of obtaining prior approval from Securities and Exchange Board of India (“SEBI”) for making allocated investments in offshore venture capital undertakings. In case the applicant AIFs/ VCFs do […]
SEBI, vide its circular dated June 21, 2023, has proposed that AIFs must adopt a standardized methodology for valuation of investment portfolios managed by them. Through this circular, which will be effective from November 1, 2023, SEBI has specified that: the valuation of securities for which valuation norms have been prescribed under SEBI (Mutual Funds) […]
SEBI, vide its circular dated June 21, 2023, has sought to provide flexibility to AIFs to deal with their scheme’s investments that remain unsold due to lack of liquidity during the winding-up process by either: selling such investments to a new scheme of the same AIF, specifically for liquidating the unliquidated investments of an original […]
SEBI, vide its circular dated June 21, 2023, has mandated all schemes of AIFs (except for schemes whose tenure (excluding permissible extensions) ends on or before April 30, 2024) to issue or convert their units in dematerialised form subject to conditions specified by SEBI from time to time and in compliance with the below mentioned […]
