Investment in Alternative Investment Fund

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.... Investment Fund may raise funds from any investor whether Indian, foreign or non-resident Indians by way of issue of units ^6[:] ^7[Provided that a social impact fund or schemes of a social impact fund may also issue social units;] ^12[(aa) The Alternative Investment Fund shall issue units in dematerialised form subject to the conditions specified by the Board from time to time.] (b....

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....cial stock exchange, the minimum value of investment by an individual investor shall be ^15[one thousand] rupees;] (d) the Manager or Sponsor shall have a continuing interest in the Alternative Investment Fund of not less than two and half percent of the corpus or five crore rupees, whichever is lower, in the form of investment in the Alternative Investment Fund and such interest shall not be t....

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....olicit or collect funds except by way of private placement.     ************** NOTES:- 1 Substituted by the SEBI (Alternative Investment Funds) (Amendment) Regulations, 2013, w.e.f. 16-09-2013 for the symbol ";" 2 Inserted by the SEBI (Alternative Investment Funds) (Amendment) Regulations, 2013, w.e.f. 16-09-2013 3 Substituted by the SEBI (Alternative Invest....