https://www.taxtmi.com/circulars?id=67338 AIFs may enter a defined dissolution period or distribute unliquidated investments in specie subject to at least seventy five percent investor consent by value and specified procedures. Before consent, the manager must arrange bids aggregating at least twenty five percent of the consolidated value of unliquidated investments and disclose tenure, investment details and indicative bid ranges with valuations by two independent valuers. If the minimum bid threshold is met, dissenting investors may exit from the bid; if not met the AIF may still seek 75% investor consent to enter dissolution. Valuation for benchmarking is the bid value if the threshold is met or one rupee if not, manager performance is reported separately, and remaining unsold assets are mandatorily distributed in specie at dissolution end. en-us Fri, 26 Apr 2024 00:00:00 +0530 Sat, 27 Apr 2024 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67338 AIFs may enter a defined dissolution period or distribute unliquidated investments in specie subject to at least seventy five percent investor consent by value and specified procedures. Before consent, the manager must arrange bids aggregating at least twenty five percent of the consolidated value of unliquidated investments and disclose tenure, investment details and indicative bid ranges with valuations by two independent valuers. If the minimum bid threshold is met, dissenting investors may exit from the bid; if not met the AIF may still seek 75% investor consent to enter dissolution. Valuation for benchmarking is the bid value if the threshold is met or one rupee if not, manager performance is reported separately, and remaining unsold assets are mandatorily distributed in specie at dissolution end. Circulars SEBI Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67338