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of <h1>Regulation tightens AIF rules: defines co-investment schemes, limits investors to accredited, aligns exit terms, revises angel fund limits</h1> The regulation amends the Alternative Investment Funds rules to define and regulate co-investment and co-investment schemes for Category I and II AIFs, require filing of a shelf placement memorandum, mandate separate schemes per co-investment, limit participation to accredited investors, and align exit and investment terms with the main AIF; it also revises angel fund provisions by classifying them as Category I AIFs, restricting fundraising to accredited investors, setting minimum investor counts and investment ticket sizes (?10 lakh-?25 crore), prohibiting certain related-party contributions, prescribing disclosure, allocation and approval processes, adjusting fees and exemptions, and excluding angel funds from launching schemes.
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