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ARTICLE · 02 JANUARY 2024

Changes To Alternative Investment Fund Regulations

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The Securities and Exchange Board of India (SEBI) in its 203rd board meeting approved amendments to the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations).

IndiaCorporate/Commercial Law
Acuity Law
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The Securities and Exchange Board of India (SEBI) in its 203rd board meeting approved amendments to the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) (please here to view the board meeting). The amendments aim to facilitate ease of compliance and strengthen investor protection in alternative investment funds (AIFs). The key changes are as follows:

A.Mandatory Dematerialization:

(i)Fresh Investments: Any investment made by an AIF after September 2024 must be held in dematerialized form.

(ii)Existing Investments: The existing investments are exempted from this mandatory dematerialisation except in cases:

(a)where the investee company is required to facilitate dematerialization of its securities under law. It is relevant to note that, recently the central government has mandated dematerialization of securities of private companies (please click here to read more);

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