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SEBI Extends Timeline of Additional Liquidation Period for VCFS Migrating to the Sebi (AIFf) Regulations June 6, 2025
Published in: Investment Funds
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Securities and Exchange Board of India (“SEBI”), vide its circular dated August 19, 2024 (“VCF Migration Circular”), provided, inter alia, for modalities for migration under which Venture Capital Funds (“VCFs”) have been allowed to migrate to the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”). Paragraph 5 of the VCF Migration Circular contained provisions for VCFs having at least 1 scheme which has not been wound up post expiry of its liquidation period (in terms of Regulation 24(2) of the SEBI (Venture Capital Funds) Regulations, 1996). Further, paragraph 5.2 of the VCF Migration Circular, inter alia, specified that VCFs with schemes whose liquidation period has expired and are not wound up and who migrate to AIF Regulations shall be granted an additional liquidation period till July 19, 2025.
SEBI, vide its circular dated June 6, 2025, has now extended the said additional liquidation period, prescribed under paragraph 5.2 of the VCF Migration Circular, to July 19, 2026. All other provisions of the VCF Migration Circular shall remain unchanged.
To read the circular click here
For any clarification, please write to:
Mr. Yatin Narang
Partner
[email protected]
