https://www.taxtmi.com/circulars?id=67977 Investors in an AIF scheme must hold pro-rata rights to investments and distributions relative to commitments, with exceptions where an investor is excused/excluded, defaults on contribution, or shares returns with the manager/sponsor under agreement. Managers or specified public/development entities may subscribe to subordinate unit classes within limits and safeguards. Existing schemes with priority distribution that lack exemptions shall not accept fresh commitments or make new investments, and any consequent regulatory limit breaches must be recorded in the Compliance Test Report. en-us Fri, 13 Dec 2024 00:00:00 +0530 Mon, 16 Dec 2024 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67977 Investors in an AIF scheme must hold pro-rata rights to investments and distributions relative to commitments, with exceptions where an investor is excused/excluded, defaults on contribution, or shares returns with the manager/sponsor under agreement. Managers or specified public/development entities may subscribe to subordinate unit classes within limits and safeguards. Existing schemes with priority distribution that lack exemptions shall not accept fresh commitments or make new investments, and any consequent regulatory limit breaches must be recorded in the Compliance Test Report. Circulars SEBI Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67977