Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012

Chapter: I
PRELIMINARY
Regulation 1	:	Short title and commencement
Regulation 2	:	Definitions
Chapter: II
REGISTRATION OF ALTERNATIVE INVESTMENT FUNDS
Regulation 3	:	Registration of Alternative Investment Funds
Regulation 4	:	Eligibility Criteria
Regulation 5	:	Furnishing of Information
Regulation 6	:	Procedure for grant of Certificate
Regulation 7	:	Conditions of certificate
Regulation 8	:	Procedure where registration is refused
Chapter: III
INVESTMENT CONDITIONS AND RESTRICTIONS
Regulation 9	:	Investment Strategy
Regulation 10	:	Investment in Alternative Investment Fund
Regulation 11	:	Placement Memorandum
Regulation 12	:	Schemes
Regulation 13	:	Tenure
Regulation 14	:	Listing
Regulation 15	:	General Investment Conditions
Regulation 16	:	Conditions for Category I Alternative Investment Funds
Regulation 17	:	Conditions for Category II Alternative Investment Funds
Regulation 18	:	Conditions for Category III Alternative Investment Funds
Regulation 19	:	Other Alternative Investment Fund
Chapter: III-A
ANGEL FUNDS
Regulation 19A	:	Definitions
Regulation 19B	:	Applicability
Regulation 19C	:	Registration of angel funds
Regulation 19D	:	Investment in angel funds
Regulation 19E	:	Schemes
Regulation 19F	:	Investment by Angel Funds
Regulation 19G	:	Obligations of Sponsors and Managers of Angel Fund
Regulation 19H	:	Prohibition of Listing
Chapter: III-B
SPECIAL SITUATION FUNDS
Regulation 19I	:	Definitions
Regulation 19J	:	Applicability
Regulation 19K	:	Registration of special situation funds
Regulation 19L	:	Investment in special situation funds
Regulation 19M	:	Investment by special situation funds
Chapter: III-C
CORPORATE DEBT MARKET DEVELOPMENT FUND
Regulation 19N	:	Applicability
Regulation 19O	:	Registration of the Corporate Debt Market Development Fund
Regulation 19P	:	Investment in the Corporate Debt Market Development Fund
Regulation 19Q	:	Investment conditions for the Corporate Debt Market Development Fund.
Regulation 19R	:	Disclosures
Regulation 19S	:	Governance Mechanism for the Corporate Debt Market Development Fund
Regulation 19T	:	Prohibition of Listing
Regulation 19U	:	Others
Chapter: III-D
MIGRATED VENTURE CAPITAL FUNDS AND SCHEMES
Regulation 19V	:	Definitions
Regulation 19W	:	Applicability
Regulation 19X	:	Procedure for grant of Certificate
Regulation 19Y	:	Eligibility Criteria
Regulation 19Z	:	Prohibition on inviting subscription from the public
Regulation 19AA	:	Private placement
Regulation 19AB	:	Placement memorandum or subscription agreement
Regulation 19AC	:	Contents of Placement Memorandum
Regulation 19AD	:	Investment by migrated venture capital fund
Regulation 19AE	:	Schemes
Regulation 19AF	:	Tenure
Regulation 19AG	:	Listing
Regulation 19AH	:	Maintenance of Records
Chapter: IV
GENERAL OBLIGATIONS AND RESPONSIBILITIES AND TRANSPERANCY
Regulation 20	:	General Obligations
Regulation 21	:	Conflict of Interest.
Regulation 22	:	Transparency
Regulation 23	:	Valuation
Regulation 24	:	Obligation of Manager
Regulation 24A	:	Grievance Redressal Mechanism
Regulation 25	:	Dispute Resolution
Regulation 26	:	Power to call for information
Regulation 27	:	Maintenance of Records
Regulation 28	:	Submission of reports to the Board
Regulation 29	:	Winding up
Regulation 29A	:	Liquidation Scheme
Regulation 29B	:	Dissolution Period
Chapter: V
INSPECTION
Regulation 30	:	Board’s right to inspect
Regulation 31	:	Notice before inspection
Regulation 32	:	Obligation of Alternative Investment Fund on inspection
Regulation 33	:	Submission of report to the Board
Regulation 34	:	Communication of findings, etc. to the Alternative Investment Fund.
Chapter: VI
PROCEDURE FOR ACTION IN CASE OF DEFAULT
Regulation 35	:	Liability for action in case of default
Chapter: VIA
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
Regulation 35A	:	Exemption from enforcement of the regulations in special cases
Chapter: VII
MISCELLANEOUS
Regulation 36	:	Power of the Board to issue clarifications
Regulation 37	:	Delegation of powers
Regulation 38	:	Amendments to other Regulations
Regulation 39	:	Repeal and Saving
SCHEDULE
Schedule - 01	:	Application for Grant of Certificate of Registration as Alternative Investment Fund
Schedule - 02	:	Fees
Schedule - 03	:	Amendment of Regulations
Schedule - 04	:	SEBI (Alternative Investment Funds) Regulations, 2012