The circular provides modalities for migration of Venture Capital Funds (VCFs) registered under...

The circular provides modalities for migration of Venture Capital Funds (VCFs) registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 to SEBI (Alternative Investment Funds) Regulations, 2012. It allows VCFs flexibility to migrate as "Migrated VCFs" under AIF Regulations and avail facility to deal with unliquidated investments upon expiry of tenure. Key points are: - VCFs can apply to SEBI for migration by July 19, 2025, by submitting requisite information. - For schemes whose liquidation period hasn't expired, tenure upon migration shall continue as per original PPM or be determined with 75% investor approval. - For schemes not wound up post liquidation period expiry, a one-time additional liquidation period of one year f..... .....

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