Investor disclosures for restricted schemes require placement memorandum transparency, investor consent for strategy changes, and periodic NAV and portfolio reporting.
Restricted schemes must disclose investment objectives, target investors, corpus, strategy, tenure, fees, expenses, risk-management practices, key managerial personnel, and relevant scheme details in the placement memorandum. Material strategy changes require consent of two-thirds of investors by value. NAV and portfolio disclosures must be made at prescribed intervals after investment activities commence, with annual NAV disclosure for close-ended schemes permitted upon approval by seventy-five per cent of investors by value.
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