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          <h1>Regulation 25 mandates mediation, conciliation, or arbitration for disputes between investors and Alternative Investment Funds. 2023 update clarifies procedures.</h1> Regulation 25 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 mandates that any claims, differences, or disputes between investors and an Alternative Investment Fund or its Manager related to their activities in the securities market must be resolved through a dispute resolution mechanism involving mediation, conciliation, or arbitration as specified by the Board. If the fund is established as a trust, expenses related to dispute resolution cannot be charged to the trust property. This regulation was updated in 2023 to specify the dispute resolution procedures more clearly.

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