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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Circular Mandates New Disclosure Standards for AIFs, Introduces Annual PPM Audits and Performance Benchmarking.</h1> The circular issued by SEBI introduces standardized disclosure requirements for Alternative Investment Funds (AIFs) to enhance transparency and investor protection. A template for Private Placement Memorandum (PPM) is mandated, with a minimum disclosure section and a supplementary section for additional information. Annual audits of PPM compliance are required, except for certain sections. Performance benchmarking of AIFs is introduced, requiring AIFs to report data to Benchmarking Agencies for industry comparison. Exemptions apply to Angel Funds and certain high-capital AIFs. The circular is effective from March 1, 2020, aiming to streamline AIF disclosures and performance assessment.
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