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ARTICLE · 02 APRIL 2024

Three crucial changes in AIF Regulations approved by SEBI's Board

Economic Laws Practice
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The 204th meeting of SEBI's Board was held in Mumbai on March 15, 2024 and a number of crucial decisions have been taken. Our alert details key issues which are relevant for Alternative Investment Funds.

IndiaGovernment, Public Sector
Vinod Joseph
Vinod Joseph
Paridhi Jain
Paridhi Jain
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The 204th meeting of SEBI's Board was held in Mumbai on March 15, 2024 and a number of crucial decisions have been taken. Our alert details key issues which are relevant for Alternative Investment Funds.

Freedom for Category I and II AIFs to create encumbrances on their equity stakes in infrastructure companies

On February 2, 2024, the Securities and Exchange Board of India (SEBI) released a consultation paper (referred to as the "February Consultation Paper"). This document proposed that Category I and II Alternative Investment Funds (AIFs) should be permitted to create encumbrances on the equity shares of investee companies. This provision would be specifically for the purpose of securing loans that have been obtained by these investee companies. However, it is important to note that this allowance applies exclusively to investee companies engaged in the development, operation, or management of projects in any of the infrastructure sub-sectors listed in the

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