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 […]
Securities and Exchange Board of India (“SEBI”), vide the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2024 had inserted Regulation 20(20) in the SEBI (Alternative Investment Funds) Regulations, 2012, which requires every alternative investment fund (“AIF”), manager of the AIF and Key Management Personnel (“KMP”) of the manager and AIF to exercise specific due diligence, […]
Securities and Exchange Board of India (“SEBI”), vide its circular dated September 19, 2024 (“AIF Amendment Circular”) has introduced amendments to the Master Circular for Alternative Investment Funds (“AIF(s)”) dated May 7, 2024 (“AIF Master Circular”) regarding the valuation framework of investment portfolio of AIFs. The key amendments include: (a) Valuation norms for securities – […]
