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    <title>Validity period of approval granted by SEBI to Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) for overseas investment</title>
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    <description>Prior approvals for overseas investments granted to Alternative Investment Funds and Venture Capital Funds must be utilised within four months of grant; unutilised limits may be reallocated to other applicants, and the reduced timeframe applies prospectively to approvals issued after the circular.</description>
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      <description>Prior approvals for overseas investments granted to Alternative Investment Funds and Venture Capital Funds must be utilised within four months of grant; unutilised limits may be reallocated to other applicants, and the reduced timeframe applies prospectively to approvals issued after the circular.</description>
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