Regulation 25 - Dispute Resolution - Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012

1 [Dispute Resolution . 25. All claims, differences or disputes between investors and the Alternative Investment Fund or the Manager arising out of or in relation to the activities of the Alternative Investment Fund or the Manager in the securities market shall be submitted to a dispute resolution mechanism that includes mediation and/or conciliation and/or arbitration, in accordance with the procedure specified by the Board: Provided that if the Alternative Investment Fund has been established as a trust, then no loss or damage or expenses incurred by the Manager or officers of the Manager, including those in relation to resolution of claims or disputes of investors, shall be met out of the trust property. ] *************** NOTES:- 1. Substituted vide Notification No. SEBI/LAD NRO/GN/2023/137 dated 03-07-2023 before it was read as, Dispute Resolution. 25. An Alternative Investment Fund, by itself or through the Manager or Sponsor, shall lay down procedure for resolution of disputes between the investors, Alternative Investment Fund, Manager or Sponsor through arbitration or any such mechanism as mutually decided between the investors and the Alternative Investment Fund.