Dematerialisation requirement: AIF investments must be held in dematerialised form with phased compliance and specified exceptions. AIFs must hold investments in dematerialised form for any acquisition on or after July 1, 2025; pre-July 1, 2025 investments are exempt unless the investee is legally mandated to dematerialise or the AIF (alone or with other mandated SEBI-registered entities) exercises control over the investee, in which case such investments must be dematerialised by October 31, 2025. Schemes ending on or before October 31, 2025 or in extended tenure as of February 14, 2025 are exempt. Trustees/sponsors must ensure the manager's Compliance Test Report records compliance. The circular is immediately effective.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dematerialisation requirement: AIF investments must be held in dematerialised form with phased compliance and specified exceptions.
AIFs must hold investments in dematerialised form for any acquisition on or after July 1, 2025; pre-July 1, 2025 investments are exempt unless the investee is legally mandated to dematerialise or the AIF (alone or with other mandated SEBI-registered entities) exercises control over the investee, in which case such investments must be dematerialised by October 31, 2025. Schemes ending on or before October 31, 2025 or in extended tenure as of February 14, 2025 are exempt. Trustees/sponsors must ensure the manager's Compliance Test Report records compliance. The circular is immediately effective.
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