Due diligence by Merchant Banker required for AIF placement memorandum filing, including certification and annual change intimation. AIFs must file placement memoranda through a SEBI-registered Merchant Banker who shall independently exercise due diligence on all disclosures, provide a prescribed due diligence certificate at the time of filing and for annual intimations of changes, and disclose the Merchant Banker's details in the placement memorandum; Merchant Bankers must follow Annexure A/B formats and accompanying annexure checklists cross-referencing compliance with applicable AIF Regulations, and may not be associates of the AIF, its sponsor, manager or trustee.
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Due diligence by Merchant Banker required for AIF placement memorandum filing, including certification and annual change intimation.
AIFs must file placement memoranda through a SEBI-registered Merchant Banker who shall independently exercise due diligence on all disclosures, provide a prescribed due diligence certificate at the time of filing and for annual intimations of changes, and disclose the Merchant Banker's details in the placement memorandum; Merchant Bankers must follow Annexure A/B formats and accompanying annexure checklists cross-referencing compliance with applicable AIF Regulations, and may not be associates of the AIF, its sponsor, manager or trustee.
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