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>AIF investor onboarding before accreditation: sign contribution agreements, but exclude commitments and accept funds only after certificate</h1> SEBI permits an AIF investment manager, pending receipt of an accreditation certificate, to execute the contribution agreement and initiate related operational procedures based on the manager's assessment of the investor's eligibility, provided that (i) the investor's commitment is excluded from scheme corpus computations until accreditation is obtained, and (ii) scheme funds are accepted from such investor only after the accreditation certificate is issued; this enables pre-onboarding without affecting corpus-based prudential norms or permitting fund receipt prior to accreditation. For net-worth based accreditation, the requirement to submit a detailed net-worth break-up as an annexure to the net-worth certificate is removed, and it is clarified that specifying the actual net worth in the certificate is optional, reducing documentation burden. The manager must report compliance in the Compliance Test Report, and the directions apply immediately.
TaxTMI 
TaxTMI 
