https://www.taxtmi.com/circulars?id=66274 An AIF may excuse an investor when legal advice indicates participation would violate law or where the investor's internal policy prohibits participation, with an obligation to report policy changes within fifteen days; partial excusal for fund investors is permitted proportional to underlying contributions. An AIF may exclude an investor if the manager concludes participation would render the scheme unlawful or materially adversely affect it, and the manager must record the rationale and supporting documents. en-us Mon, 10 Apr 2023 00:00:00 +0530 Tue, 11 Apr 2023 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66274 An AIF may excuse an investor when legal advice indicates participation would violate law or where the investor's internal policy prohibits participation, with an obligation to report policy changes within fifteen days; partial excusal for fund investors is permitted proportional to underlying contributions. An AIF may exclude an investor if the manager concludes participation would render the scheme unlawful or materially adversely affect it, and the manager must record the rationale and supporting documents. Circulars SEBI Mon, 10 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66274