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<h1>SEBI Can Restrict AIF Activities Post-Inspection to Safeguard Market and Investors Under Specific Conditions</h1> The Securities and Exchange Board of India (SEBI) may issue directives to an Alternative Investment Fund (AIF) after reviewing an inspection report and providing a hearing opportunity to the AIF or its representatives. These directives aim to protect the securities market or investors and may include prohibiting the launch of new schemes, restricting fund asset disposal, mandating asset liquidation, requiring refunds to investors with interest, or barring market operations for a specified period.