https://www.taxtmi.com/acts?id=34334 Regulation 13 requires Category I and II AIFs to be close ended with tenure fixed at application and a minimum tenure of three years; Category III AIFs may be open or close ended. The Board may prescribe how to calculate and modify close ended tenure. Extension of a close ended AIF's tenure is permitted with supermajority unit holder approval, and in the absence of such consent or upon expiry of any extended tenure the AIF or scheme must be wound up; accredited-investor funds may have different extension conditions as specified by the Board. en-us Mon, 31 Dec 2018 16:10:45 +0530 Thu, 20 Nov 2025 12:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34334 Regulation 13 requires Category I and II AIFs to be close ended with tenure fixed at application and a minimum tenure of three years; Category III AIFs may be open or close ended. The Board may prescribe how to calculate and modify close ended tenure. Extension of a close ended AIF's tenure is permitted with supermajority unit holder approval, and in the absence of such consent or upon expiry of any extended tenure the AIF or scheme must be wound up; accredited-investor funds may have different extension conditions as specified by the Board. Act-Rules SEBI Mon, 31 Dec 2018 16:10:45 +0530 https://www.taxtmi.com/acts?id=34334