AIFs can't leverage except short-term borrowing. Encumbrance on infra equity allowed. Large funds can extend tenure with unitholders' nod.

AIFs can't leverage except short-term borrowing. Encumbrance on infra equity allowed. Large funds can extend tenure with unitholders' nod. https://www.taxtmi.com/highlights?id=80302 SEBI amended Alternative Investment Funds (AIF) Regulations: Category I and II AIFs can't leverage for investments except temporary borrowing up to 30 days, 4 times yearly, capped at 10% investable funds. Encumbrance on equity of infrastructure investees permitted for their borrowing. Large value funds for accredited investors can extend tenure up to 5 years with 2/3rd unitholders' approval. Existing schemes' tenure extension subject to conditions. en-us Fri, 09 Aug 2024 12:49:17 +0530 Fri, 09 Aug 2024 12:49:17 +0530 TaxTMI RSS Generator AIFs can't leverage except short-term borrowing. Encumbrance on infra equity allowed. Large funds can extend tenure with unitholders' nod. https://www.taxtmi.com/highlights?id=80302 SEBI amended Alternative Investment Funds (AIF) Regulations: Category I and II AIFs can't leverage for investments except temporary borrowing up to 30 days, 4 times yearly, capped at 10% investable funds. Encumbrance on equity of infrastructure investees permitted for their borrowing. Large value funds for accredited investors can extend tenure up to 5 years with 2/3rd unitholders' approval. Existing schemes' tenure extension subject to conditions. Highlights SEBI Fri, 09 Aug 2024 12:49:17 +0530 https://www.taxtmi.com/highlights?id=80302