SEBI amended Alternative Investment Funds (AIF) Regulations to ...
SEBI amends AIF Regulations, adds new chapter for migrated venture capital funds with eligibility criteria, investment norms & restrictions.
Notifications SEBI
July 22, 2024
SEBI amended Alternative Investment Funds (AIF) Regulations to introduce a new Chapter III-D for "migrated venture capital funds" - funds previously registered as venture capital funds under 1996 regulations. Key provisions include eligibility criteria, investment conditions, tenure, private placement requirements, restrictions on public offerings and listing for 3 years. Existing venture capital funds must migrate within 12 months or face enhanced regulatory reporting. Other changes relate to definitions, applicability, registration process, and fee structure.
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