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    <title>Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2024</title>
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    <description>AIFs must hold investments in dematerialised form subject to Board-specified conditions, except for instruments ineligible for dematerialisation, assets of liquidation schemes not available dematerialised, and other Board-specified exceptions. Sponsors or Managers must appoint a Board-registered Custodian for safekeeping, with Category III custodians required to hold securities and goods from physical settlement of commodity derivatives; custodians must report and disclose investment information as specified by the Board. An associate Custodian may act only where independence conditions and a prescribed net worth threshold for the Sponsor or Manager are satisfied, and an independent undertaking is executed.</description>
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