https://www.taxtmi.com/notifications?id=141939 The amendment defines dissolution period and encumbrance, permits Category I and II AIFs to create encumbrance on equity of investee companies in specified infrastructure sub-sectors solely for borrowing subject to Board conditions, mandates due diligence by AIFs, managers and key personnel to prevent circumvention of financial-sector laws, prescribes filing an information memorandum through a merchant banker for schemes entering a dissolution period, prohibits fresh commitments or new investments during dissolution, limits the dissolution period to the original tenure, allows specified additional liquidation periods, and requires in-specie distribution if unliquidated investments remain. en-us Thu, 25 Apr 2024 00:00:00 +0530 Sat, 27 Apr 2024 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141939 The amendment defines dissolution period and encumbrance, permits Category I and II AIFs to create encumbrance on equity of investee companies in specified infrastructure sub-sectors solely for borrowing subject to Board conditions, mandates due diligence by AIFs, managers and key personnel to prevent circumvention of financial-sector laws, prescribes filing an information memorandum through a merchant banker for schemes entering a dissolution period, prohibits fresh commitments or new investments during dissolution, limits the dissolution period to the original tenure, allows specified additional liquidation periods, and requires in-specie distribution if unliquidated investments remain. Notifications SEBI Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141939