https://www.taxtmi.com/notifications?id=135618 Amendments redefine eligible investee categories by inserting a startup definition and revising the venture capital undertaking definition, set investment concentration limits (Category I & II capped at twenty five percent per investee; Category III capped at ten percent), prohibit AIFs authorised to invest in other AIF units from offering their units to other AIFs, and require seventy five percent investor approval for investments in associates or related-fund units. The substituted regulation 20 and new Fourth Schedule impose a detailed Code of Conduct, expand manager and Investment Committee responsibilities, mandate custodianship requirements, require Board notification or approval for control changes, and annual audited accounts. en-us Wed, 05 May 2021 00:00:00 +0530 Fri, 07 May 2021 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135618 Amendments redefine eligible investee categories by inserting a startup definition and revising the venture capital undertaking definition, set investment concentration limits (Category I & II capped at twenty five percent per investee; Category III capped at ten percent), prohibit AIFs authorised to invest in other AIF units from offering their units to other AIFs, and require seventy five percent investor approval for investments in associates or related-fund units. The substituted regulation 20 and new Fourth Schedule impose a detailed Code of Conduct, expand manager and Investment Committee responsibilities, mandate custodianship requirements, require Board notification or approval for control changes, and annual audited accounts. Notifications SEBI Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135618