Relaxation in timelines for holding AIFs’ investments in dematerialised form

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..... lternative Investment Funds) Regulations, 2012 ("AIF Regulations") have been amended and notified on January 05, 2024, with respect to AIFs holding their investments in dematerialised form. 2. Subsequently, SEBI Circular dated January 12, 2024 [subsumed subsequently in Chapter 21 of Master Circular for AIFs dated May 07, 2024 ("Master Circular")] prescribed timelines for AIFs with respect to hold .....

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..... termediaries/entities which are mandated to hold their investments in dematerialised form, exercises control over the investee company. For the purpose of the aforesaid clause, the definition of 'control' shall be construed with reference to Regulation 2(1)(f) of AIF Regulations. 21.3. The investments made by an AIF prior to July 01, 2025 which are covered under conditions as specified in Para 2 .....

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..... der Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 15(1)(i) and Regulation 36 of AIF Regulations, 2012 to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets. 7. The circular is available on SEBI website at www.sebi.gov.in under the categories "Legal framework -Circulars" and "Info f .....

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