Overseas investment limit increased for AIFs/VCFs; mandatory timely reporting of utilization and surrender on SEBI portal. SEBI increases the overseas investment limit for AIFs and VCFs and requires reporting on the SEBI intermediary portal: utilization must be reported within five working days of use; non utilisation or partial non utilisation after the six month validity period must be reported within two working days of expiry; and any surrender of the overseas limit within the validity period must be reported within two working days of the decision. Other prior terms and conditions remain unchanged.
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Overseas investment limit increased for AIFs/VCFs; mandatory timely reporting of utilization and surrender on SEBI portal.
SEBI increases the overseas investment limit for AIFs and VCFs and requires reporting on the SEBI intermediary portal: utilization must be reported within five working days of use; non utilisation or partial non utilisation after the six month validity period must be reported within two working days of expiry; and any surrender of the overseas limit within the validity period must be reported within two working days of the decision. Other prior terms and conditions remain unchanged.
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