https://www.taxtmi.com/highlights?id=99374 SEBI introduces a fast-track mechanism for processing placement memoranda of non-LVF AIF schemes, allowing launch and circulation of the PPM after 30 days of filing, or after grant of registration in the case of a first scheme, subject to compliance with any SEBI comments before launch. The first close must be declared within 12 months from the date the AIF becomes eligible to launch the scheme. The Merchant Banker and AIF Manager are made responsible for the accuracy and completeness of disclosures, and non-LVF PPMs must include prescribed disclaimers and supporting filings on the intermediary portal. The circular applies immediately, including to pending non-LVF PPMs. en-us Fri, 01 May 2026 19:08:30 +0530 Fri, 01 May 2026 19:08:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=99374 SEBI introduces a fast-track mechanism for processing placement memoranda of non-LVF AIF schemes, allowing launch and circulation of the PPM after 30 days of filing, or after grant of registration in the case of a first scheme, subject to compliance with any SEBI comments before launch. The first close must be declared within 12 months from the date the AIF becomes eligible to launch the scheme. The Merchant Banker and AIF Manager are made responsible for the accuracy and completeness of disclosures, and non-LVF PPMs must include prescribed disclaimers and supporting filings on the intermediary portal. The circular applies immediately, including to pending non-LVF PPMs. Highlights SEBI Fri, 01 May 2026 19:08:30 +0530 https://www.taxtmi.com/highlights?id=99374