https://www.taxtmi.com/circulars?id=67085 AIFs must hold any investment made on or after October 1, 2024 in dematerialised form; pre-existing investments are exempt except where the investee is legally mandated to dematerialise or the AIF (alone or with certain intermediaries) exercises control, in which case those investments must be dematerialised by January 31, 2025. Custodians registered with SEBI must be appointed before a scheme's first investment; specified existing Category I and II schemes must appoint custodians by January 31, 2025. The SFA, with SEBI, will set reporting standards for managers and custodians, which must be adopted and reflected in quarterly reporting and Compliance Test Reports. en-us Fri, 12 Jan 2024 00:00:00 +0530 Sat, 13 Jan 2024 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67085 AIFs must hold any investment made on or after October 1, 2024 in dematerialised form; pre-existing investments are exempt except where the investee is legally mandated to dematerialise or the AIF (alone or with certain intermediaries) exercises control, in which case those investments must be dematerialised by January 31, 2025. Custodians registered with SEBI must be appointed before a scheme's first investment; specified existing Category I and II schemes must appoint custodians by January 31, 2025. The SFA, with SEBI, will set reporting standards for managers and custodians, which must be adopted and reflected in quarterly reporting and Compliance Test Reports. Circulars SEBI Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67085