Foreign investment in Alternative Investment Funds (AIFs)

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..... ch 07, 2023 and September 04, 2023 has amended the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 , inter-alia, to revise the thresholds for determining the beneficial ownership. 2. In view of the amendments to the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 , para 4.1.2. under Chapter 4 of SEBI Master Circular No. SEBI/HO/AFD/PoD1/P/CIR/2023 .....

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..... o address the deficiencies. 3. In case an investor who has been already on-boarded to scheme of an AIF, does not meet the revised condition as specified at para 2 above, the manager of the AIF shall not drawdown any further capital contribution from such investor for making investment, until the investor meets the said condition. 4. The provisions of this circular shall come into force with .....

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