Regulatory reporting by AIFs now requires an annual comprehensive SI Portal filing with reduced limited quarterly returns for streamlined compliance. AIFs must submit a comprehensive Annual Activity Report on the SEBI Intermediary Portal within thirty calendar days of the financial year end, and a reduced Quarterly Activity Report in a revised format within fifteen calendar days of each quarter (excluding the March quarter, which is covered by the annual report). Revised reporting formats will be published by the AIF Standards Forum/industry association, which will assist AIFs in implementing the changed reporting requirements; the circular supersedes prior Master Circular provisions and is effective immediately.