Tenure

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....ub-regulation (2) of this regulation. (2) Category I and II Alternative Investment Fund or schemes launched by such funds shall have a minimum tenure of three years. (3) ^3[Schemes of] Category III Alternative Investment Fund may be open ended or close ended. ^4[(4) The manner of calculating the tenure of a close ended scheme of an Alternative Investment Fund, including the manner of....

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....nsent of unit holders under sub-regulation (5) or upon expiry of the extended tenure, the Alternative Investment Fund or the scheme of the Alternative Investment Fund shall be wound up in accordance with Regulation 29 of these regulations.]     ************* NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/33 dated 03-08-2021 before it was rea....

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....LAD-NRO/GN/2024/198 dated 05-08-2024 before it was read as, "^2[Provided that large value funds for accredited investors may be permitted to extend its tenure beyond two years, subject to terms of the contribution agreement, other fund documents and such conditions as may be specified by the Board from time to time.]" 8.  Substituted vide F. No. SEBI/LAD-NRO/GN/2025/2....