TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Amends AIF Regulations: Category III Funds to Use NAV for Investment Limits; New Co-investment Rules Introduced.</h1> The Securities and Exchange Board of India (SEBI) issued a circular amending the Alternative Investment Funds (AIF) Regulations, 2012. The amendment allows Category III AIFs to calculate investment concentration norms based on the Net Asset Value (NAV) for listed equity investments. The NAV is determined by the value of all securities adjusted for market changes, excluding borrowed funds. Any passive breach of concentration limits must be rectified within 30 days. Additionally, a new definition for 'Co-investment' was introduced, requiring a custodian if the combined corpus and co-investment value exceed INR 500 crore. This circular aims to protect investor interests and regulate the securities market.
TaxTMI 
TaxTMI 
