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Accredited-investor eligibility now includes accreditation by...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution and preserve fund property.
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Accredited-investor eligibility now includes accreditation by specified SEBI-registered or regulated entities and securities-market exposure criteria. A five-crore exposure criterion is added under one eligibility category; LLPs and other body corporates may qualify through net worth of fifty crore or securities-market exposure of twenty crore, and an LLP may alternatively qualify if each partner independently meets accreditation criteria. The proviso removes references to Category I foreign portfolio investors and sovereign wealth funds, adds Persons Resident Outside India, and deletes certificate-exemption language. Investor disputes with an Alternative Investment Fund or its Manager must be submitted to the prescribed mechanism, including mediation, conciliation and/or arbitration. Manager dispute-related losses, damages and expenses cannot be paid from fund property. These amendments take effect on 14 October 2026.
Accredited-investor eligibility now includes accreditation by specified SEBI-registered or regulated entities and securities-market exposure criteria. A five-crore exposure criterion is added under one eligibility category; LLPs and other body corporates may qualify through net worth of fifty crore or securities-market exposure of twenty crore, and an LLP may alternatively qualify if each partner independently meets accreditation criteria. The proviso removes references to Category I foreign portfolio investors and sovereign wealth funds, adds Persons Resident Outside India, and deletes certificate-exemption language. Investor disputes with an Alternative Investment Fund or its Manager must be submitted to the prescribed mechanism, including mediation, conciliation and/or arbitration. Manager dispute-related losses, damages and expenses cannot be paid from fund property. These amendments take effect on 14 October 2026.
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