Large value fund for accredited investors: placement memorandum filing relief and mandatory compliance officer designation enforced. The circular permits Large Value Fund for Accredited Investors to launch schemes under intimation rather than merchant-banker-filed placement memoranda, subject to a prescribed CEO-and-Compliance-Officer signed undertaking. Fund documents must set terms for any tenure extension beyond the normal limit and obtain prior approval from the fund's governance body for extensions; failure to meet prescribed extension conditions requires liquidation. Managers must designate a Compliance Officer distinct from the CEO to monitor adherence to the SEBI Act, AIF Regulations and related circulars, and the undertaking must confirm due diligence, fitness and properness, adequacy of disclosures, and investor accreditation acknowledgements.