https://www.taxtmi.com/circulars?id=58241 Change of category for an Alternative Investment Fund is allowed only if no investments have been made under the original category and requires SEBI approval; applications must include updated Form A, supporting documents, rationale, and an application fee. If commitments were raised beforehand, investors must be offered penalty-free withdrawal with returned fees and possible partial withdrawal subject to minimum investment; the AIF may only invest in liquid funds or bank deposits pending approval and must circulate a revised placement memorandum after approval. en-us Wed, 07 Aug 2013 00:00:00 +0530 Thu, 13 Dec 2018 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58241 Change of category for an Alternative Investment Fund is allowed only if no investments have been made under the original category and requires SEBI approval; applications must include updated Form A, supporting documents, rationale, and an application fee. If commitments were raised beforehand, investors must be offered penalty-free withdrawal with returned fees and possible partial withdrawal subject to minimum investment; the AIF may only invest in liquid funds or bank deposits pending approval and must circulate a revised placement memorandum after approval. Circulars SEBI Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58241