Regulation 19O - Registration of the Corporate Debt Market Development Fund - Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012

1 [ Registration of the Corporate Debt Market Development Fund . 19O. (1) The Corporate Debt Market Development Fund shall be constituted in the form of a Trust and the instrument of Trust shall be in the form of a deed duly registered under the provisions of the Indian Registration Act, 1908. (2) The Corporate Debt Market Development Fund shall apply for registration as an Alternative Investment Fund in accordance with the provisions of Chapter II of these regulations. (3) The placement memorandum of the Corporate Debt Market Development Fund shall be filed with the Board. (4) The Board may communicate its comments, if any, to the Manager prior to the launch of the fund and the Manager shall incorporate the comments in the placement memorandum prior to the launch of the fund. (5) The Corporate Debt Market Development Fund shall be a close ended fund, with a tenure of fifteen years from the date of its first closing: Provided that the tenure may be extended with the prior approval of the Board. (6) The Corporate Debt Market Development Fund shall be wound up with the prior approval of the Board. ] *************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/132 dated 15-06-2023