Issuance of units of AIFs in dematerialised form

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..... egulations ), have been amended and notified on June 15, 2023 . Copy of the notification is available at link. 2. In terms of Regulation 10(aa) of AIF Regulations , AIFs shall issue units in dematerialised form subject to the conditions specified by SEBI from time to time. 3. In this regard, the following is specified: 3.1. All schemes of AIFs shall dematerialise their units in the fo .....

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..... vestor in dematerialised form shall continue to be governed by the terms of private placement memorandum ( PPM ), agreements entered between the AIF and the investors and any other fund documents. 3.4. The Depositories are directed to: 3.4.1. make necessary amendments to the relevant Bye-laws, Rules and Regulations for the implementation of the above provisions; 3.4.2. put in place a syst .....

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..... IMD/DF/14/2014 dated June 19, 2014 , includes compliance with the provisions of this circular. 6. The circular shall come into force with immediate effect. 7. This circular is issued with the approval of the competent authority. 8. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interest .....

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