SEBI (Alternative Investment Funds) Regulations, 2012 amended
The Securities and Exchange Board of India has amended the Securities and Exchange Board of India (Alternative Investment
By : Legal Era
Update: 2021-01-12 07:00 GMT
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SEBI (Alternative Investment Funds) Regulations, 2012 amended The Securities and Exchange Board of India has amended the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. These regulations shall be called as Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2021.A proviso has been inserted in the Securities...
SEBI (Alternative Investment Funds) Regulations, 2012 amended
The Securities and Exchange Board of India has amended the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.
These regulations shall be called as Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2021.
A proviso has been inserted in the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 which reads as under:
In Regulation 20, after clause (iv) of the proviso to sub-regulation (6), the following proviso shall be inserted, namely, - "Provided further that clauses (i) and (ii) shall not apply to an Alternative Investment Fund in which each investor other than the Manager, Sponsor, employees or directors of the Alternative Investment Fund or employees or directors of the Manager, has committed to invest not less than seventy crore rupees (or an equivalent amount in currency other than Indian rupee) and has furnished a waiver to the Alternative Investment Fund in respect of compliance with the said clauses, in the manner specified by the Board.