Eligibility Criteria

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....ation in case of a company; or the Trust Deed in case of a Trust; or the Partnership deed in case of a limited liability partnership permits it to carry on the activity of an Alternative Investment Fund; (b) the applicant is prohibited by its memorandum and articles of association or trust deed or partnership deed from making an invitation to the public to subscribe to its securities; (c) in....

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....8; ^1[(g) The key investment team of the Manager of Alternative Investment Fund has - ^2[(i) at least one key personnel with relevant certification as may be specified [^5] by the Board from time to time ^6[:]] ^7[Provided that the provisions of this sub-clause shall not apply to Accredited Investors only fund; and] (ii) at least one key personnel with profession....

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.... activities; (i) the applicant has clearly described at the time of registration the investment objective, the targeted investors, proposed corpus, investment style or strategy and proposed tenure of the fund or scheme; (j) whether the applicant or any entity established by the Sponsor or Manager has earlier been refused registration by the Board.     ************ NOTES....

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....ng pools of capital or in fund or asset or wealth or portfolio management or in the business of buying, selling and dealing of securities or other financial assets; and" 3. Omitted vide Notification No. SEBI/LAD-NRO/GN/2023/132 dated 15-06-2023 w.e.f. 10-05-2024 before it was read as, "of experience and professional qualification" 4. Inserted vide Notification No. SEBI/LA....