Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Regulation 13 on AIF tenure, close-ended rules, and extension limits for Category I, II, III, Accredited Investors</h1> Regulation 13 mandates that Category I and II Alternative Investment Funds (AIFs) be close ended, with fund or scheme tenure fixed at application and a minimum of three years. Category III AIF schemes may be open or close ended. The Securities and Exchange Board of India may specify how tenure of close ended schemes is calculated and modified. Close ended AIFs may extend tenure by up to two years with approval of at least two-thirds of unit holders by value, while Accredited Investors only funds may extend tenure by up to five years on the same approval threshold, subject to Board-specified conditions. Absent such consent, or on expiry of extended tenure, the AIF or scheme must be wound up under Regulation 29.
TaxTMI 
TaxTMI 
