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ARTICLE · 21 MAY 2024

Regulatory Update: Second Amendment To Alternative Investment Fund Regulations

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Recently, the Securities and Exchange Board of India (SEBI) has notified the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2024 (AIF Second Amendment Regulations)...

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Recently, the Securities and Exchange Board of India (SEBI) has notified the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2024 (AIF Second Amendment Regulations), amending the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations). The amendments aims to provide: (a) ease of doing business and flexibility to category I and II alternative investment funds (AIFs) to create encumbrance on their holdings in investee companies engaged in the infrastructure sector; and (b) flexibility to AIFs and its investors to deal with the unliquidated investments, in line with the decisions taken at the 204th meeting of the SEBI board. The key changes are as follows:

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