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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Amends Rules: Category I & II AIFs Can Encumber Equity in Infrastructure Firms, Must Disclose Risks & Seek Consent.</h1> The Securities and Exchange Board of India (SEBI) has amended regulations to allow Category I and II Alternative Investment Funds (AIFs) to create encumbrances on their equity holdings in investee companies involved in infrastructure projects, facilitating these companies in raising debt. AIFs must disclose such encumbrances and associated risks in their Private Placement Memorandums. Existing encumbrances require investor consent by October 24, 2024, or must be removed by January 24, 2025. Encumbrances are limited to the scheme's tenure and must comply with foreign investment regulations. AIFs cannot use these encumbrances as guarantees or apply them to foreign companies. Compliance and implementation standards will be overseen by a Standard Setting Forum.
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