https://www.taxtmi.com/circulars?id=66471 SEBI permits AIFs during the liquidation period to sell unliquidated investments to a designated Liquidation Scheme or distribute them in-specie after obtaining 75% investor consent by value. The manager must arrange a bid for at least 25% of the unliquidated investments, disclose the bid and two independent valuations, and offer dissenting investors an exit from the 25% bid; bidders related to the scheme cannot take exit. For performance reporting the sale or distribution is valued at the bid value if the 25% bid condition is met, otherwise at one rupee. Managers must report compliance and values to SEBI portals and Performance Benchmarking Agencies. en-us Wed, 21 Jun 2023 00:00:00 +0530 Thu, 22 Jun 2023 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66471 SEBI permits AIFs during the liquidation period to sell unliquidated investments to a designated Liquidation Scheme or distribute them in-specie after obtaining 75% investor consent by value. The manager must arrange a bid for at least 25% of the unliquidated investments, disclose the bid and two independent valuations, and offer dissenting investors an exit from the 25% bid; bidders related to the scheme cannot take exit. For performance reporting the sale or distribution is valued at the bid value if the 25% bid condition is met, otherwise at one rupee. Managers must report compliance and values to SEBI portals and Performance Benchmarking Agencies. Circulars SEBI Wed, 21 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66471