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.
SEBI issues modalities under the AIF Regulations, 2012 for migration to AI-only schemes and for relaxations to Large Value Funds (LVFs) for accredited investors. New AI-only schemes and LVFs must include "AI only fund" or "LVF" in their scheme name. Existing eligible AIFs/schemes may convert to AI-only or LVF schemes with unanimous investor consent and must report conversion and name change to SEBI and depositories within 15 days. Investors qualifying as accredited at onboarding retain that status for the scheme's life. AI-only schemes may have a maximum five-year extension. LVFs are exempt from the standard placement memorandum template and annual audit, without needing investor waivers.
Note: It is a system-generated summary and is for quick reference only.
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