https://www.taxtmi.com/circulars?id=70294 Alternative Investment Funds and their schemes may retain liquidation proceeds beyond the permissible fund life only where specified conditions are met, including pending litigation or tax, regulatory or legal liabilities, investor consent for anticipated liabilities, or substantiated residual winding up expenses. Retained monies must be invested as prescribed, disclosed to investors where consent is sought, and, for residual operational expenses, retained for no more than three years from the end of permissible fund life. The scheme is to be wound up after liabilities are satisfied and retained amounts are distributed. en-us Tue, 16 Jun 2026 00:00:00 +0530 Tue, 16 Jun 2026 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70294 Alternative Investment Funds and their schemes may retain liquidation proceeds beyond the permissible fund life only where specified conditions are met, including pending litigation or tax, regulatory or legal liabilities, investor consent for anticipated liabilities, or substantiated residual winding up expenses. Retained monies must be invested as prescribed, disclosed to investors where consent is sought, and, for residual operational expenses, retained for no more than three years from the end of permissible fund life. The scheme is to be wound up after liabilities are satisfied and retained amounts are distributed. Circulars SEBI Tue, 16 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70294