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<h1>SEBI Amends Alternative Investment Funds Regulations 2024: New Rules for Migrated Venture Capital Funds Introduced.</h1> The Securities and Exchange Board of India (SEBI) has issued the Third Amendment to the Alternative Investment Funds Regulations, 2024, effective upon publication in the Official Gazette. This amendment introduces the concept of 'migrated venture capital funds,' which are funds previously registered under the 1996 Venture Capital Funds Regulations and now re-registered under the 2012 Alternative Investment Funds Regulations. The amendment outlines the eligibility criteria, investment restrictions, and operational guidelines for these funds, including a prohibition on public subscriptions, private placement requirements, and detailed reporting obligations. Additionally, it specifies conditions for fund tenure, liquidation, and restrictions on launching new schemes.