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SEBI - Highlights / Catch Notes

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AIF schemes availing dissolution period or additional ...


AIF schemes availing dissolution/additional liquidation period must file info memo/details with SEBI. Formats prescribed. In-specie distribution conditions specified.

Circulars     SEBI

July 9, 2024

AIF schemes availing dissolution period or additional liquidation period must file information memorandum/details with SEBI. Formats prescribed for information memorandum, due diligence certificate by merchant banker, and details for availing additional liquidation period. Conditions specified for in-specie distribution of unliquidated investments, including mandatory distribution post dissolution period and approval requirements. Manager, trustee, and key personnel responsible for compliance. Trustee/sponsor to ensure compliance in test report.

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