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          <h1>Regulation 19B extends AIF rules to angel funds, managers, sponsors and investors with transitional treatment for pre-2025 funds</h1> Regulation 19B makes the chapter governing angel funds applicable to angel funds, their managers, sponsors, angel investors and investments, with a transitional rule for funds registered before the 2025 amendment to be governed as specified by the regulator. It further provides that other AIF regulations apply to angel funds, their sponsors, managers and angel investors except for certain specified clauses and regulations listed in the text. An explanation clarifies that provisions applicable to a scheme of an alternative investment fund shall, unless stated otherwise, apply to an angel fund at the fund level.

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