https://www.taxtmi.com/circulars?id=67339 Category I and Category II AIFs may encumber equity holdings in investee companies only to facilitate borrowing by those investee companies for development, operation or management of infrastructure projects listed in the Harmonised Master List. Permission is conditional on explicit PPM disclosure for new schemes, continuity rules tied to prior disclosure and investor consent, restrictions that borrowings be used solely for the stated infrastructure purposes, encumbrance duration not exceeding scheme residual tenure, prohibition on encumbering foreign investees, exclusion of guarantees, compliance with foreign investment norms where applicable, and adherence to implementation and compliance reporting standards. en-us Fri, 26 Apr 2024 00:00:00 +0530 Sat, 27 Apr 2024 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67339 Category I and Category II AIFs may encumber equity holdings in investee companies only to facilitate borrowing by those investee companies for development, operation or management of infrastructure projects listed in the Harmonised Master List. Permission is conditional on explicit PPM disclosure for new schemes, continuity rules tied to prior disclosure and investor consent, restrictions that borrowings be used solely for the stated infrastructure purposes, encumbrance duration not exceeding scheme residual tenure, prohibition on encumbering foreign investees, exclusion of guarantees, compliance with foreign investment norms where applicable, and adherence to implementation and compliance reporting standards. Circulars SEBI Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67339