Alternative investment fund rules updated with revised threshold, Board-conditioned closure process, and inoperative fund tagging. The amendment revises the threshold in regulation 10(c) by replacing 'two lakh' with 'one thousand' and updates regulation 29 to make post-liability steps subject to Board-specified conditions. It also introduces a new provision permitting an Alternative Investment Fund to be tagged as an inoperative fund in the manner and subject to conditions specified by the Board from time to time.
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Alternative investment fund rules updated with revised threshold, Board-conditioned closure process, and inoperative fund tagging.
The amendment revises the threshold in regulation 10(c) by replacing "two lakh" with "one thousand" and updates regulation 29 to make post-liability steps subject to Board-specified conditions. It also introduces a new provision permitting an Alternative Investment Fund to be tagged as an inoperative fund in the manner and subject to conditions specified by the Board from time to time.
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