AIF regulatory amendments require merchant banker review and grant SME investment exemptions with disclosure and one year lock in. Amendments redefine key terms (debt fund, investable funds, unit), require Board comments to be routed through and incorporated by a merchant banker into the placement memorandum prior to scheme launch, mandate that at least seventy five percent of investable funds be placed in specified venture capital undertakings or SME-listed/proposed companies by fund end of life, allow investments in Category II AIF units and specified vehicles, update issuance/disclosure references, waive minimum grant for accredited investors, and provide insider trading exemptions for SME exchange investments subject to two day disclosure and one year lock in.
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.
AIF regulatory amendments require merchant banker review and grant SME investment exemptions with disclosure and one year lock in.
Amendments redefine key terms (debt fund, investable funds, unit), require Board comments to be routed through and incorporated by a merchant banker into the placement memorandum prior to scheme launch, mandate that at least seventy five percent of investable funds be placed in specified venture capital undertakings or SME-listed/proposed companies by fund end of life, allow investments in Category II AIF units and specified vehicles, update issuance/disclosure references, waive minimum grant for accredited investors, and provide insider trading exemptions for SME exchange investments subject to two day disclosure and one year lock in.
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