https://www.taxtmi.com/circulars?id=64870 AIFs may invest simultaneously in units of other AIFs and directly in investee securities within Regulation 15 limits; such investments need PPM disclosure and at least two thirds unit holder consent. PPMs must state allocation to other AIFs, fees attributable to those investments, compliance processes, and related party AIF investment details. Category III AIFs investing in other AIFs face a leverage cap calculated after excluding the value of such investments. The Fourth Schedule Code of Conduct applies to key management personnel, who must be named in the PPM and whose changes must be notified. A waiver format for Investment Committee compliance is prescribed, and consent is not required for changes in ex officio external investment committee members. en-us Fri, 25 Jun 2021 00:00:00 +0530 Sat, 26 Jun 2021 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64870 AIFs may invest simultaneously in units of other AIFs and directly in investee securities within Regulation 15 limits; such investments need PPM disclosure and at least two thirds unit holder consent. PPMs must state allocation to other AIFs, fees attributable to those investments, compliance processes, and related party AIF investment details. Category III AIFs investing in other AIFs face a leverage cap calculated after excluding the value of such investments. The Fourth Schedule Code of Conduct applies to key management personnel, who must be named in the PPM and whose changes must be notified. A waiver format for Investment Committee compliance is prescribed, and consent is not required for changes in ex officio external investment committee members. Circulars SEBI Fri, 25 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64870