https://www.taxtmi.com/circulars?id=65370 Special Situation Funds as a Category I AIF sub-category require a prescribed minimum corpus and tiered minimum investor commitments, include a carve out for internal employees and directors, and must meet Insolvency and Bankruptcy Code eligibility when acting as resolution applicants. SSF may acquire stressed loans only after inclusion in the RBI Annex, subject to a general lock in except upon borrower recovery, and must apply investor due diligence standards equivalent to those for Asset Reconstruction Company investors. en-us Thu, 27 Jan 2022 00:00:00 +0530 Fri, 28 Jan 2022 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65370 Special Situation Funds as a Category I AIF sub-category require a prescribed minimum corpus and tiered minimum investor commitments, include a carve out for internal employees and directors, and must meet Insolvency and Bankruptcy Code eligibility when acting as resolution applicants. SSF may acquire stressed loans only after inclusion in the RBI Annex, subject to a general lock in except upon borrower recovery, and must apply investor due diligence standards equivalent to those for Asset Reconstruction Company investors. Circulars SEBI Thu, 27 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65370