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SEBI Relaxes Timeline for Disclosure of Allocation Methodology by Angel Funds October 15, 2025
Published in: Investment Funds
DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage arising on account of anyone acting / refraining to act by placing reliance upon the information contained in this publication.
Securities and Exchange Board of India (“SEBI”), vide its circular dated October 15, 2025, has relaxed the timeline to disclose the allocation methodology in their Private Placement Memorandum (“PPM”). Existing angel funds are required to disclose a defined methodology in their PPMs for the purpose of allocating the investment among angel investors who provide approval for such investment. Further, the allocation of any investment made by such existing angel funds post October 15, 2025, shall be in accordance with the methodology disclosed in the PPM. The said timeline has now been extended to January 31, 2026.
To read the notification click here.
For any clarification, please write to:
Mr. Yatin Narang
Partner
[email protected]