Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment) Regulations, 2021

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....ative Investment Funds) Regulations, 2012, namely- 1. These Regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment) Regulations, 2021. 2. They shall come into force on the thirtieth day from the date of their publication in the Official Gazette: Provided that the amendments to clause (ii) of sub-regulation II of regulation 3 of these Regulations shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012,- I. After clause (f) of sub-regulation (1) of regulation 2, the following clause shall be inserted, namely,- "(fa)"Co-investm....

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....pany, directly or through investment in units of other Alternative Investment Funds: Provided that large value funds for accredited investors of Category III Alternative Investment Funds may invest up to twenty per cent of the net asset value in listed equity of an Investee Company and may invest up to twenty per cent of the investable funds in securities other than listed equity of an Investee Company, directly or through investment in units of other Alternative Investment Funds;" III. After sub-regulation (14) of regulation 20, the following shall be inserted, namely- "(15) The manager shall not provide advisory services to any investor other than the clients of Coinvestment Portfolio Manager as specified in the....

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....s and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017 vide No. SEBI/LAD/NRO/GN/2016-17/037. (7) 1st June, 2018 by the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2018 vide No. SEBI/LAD/NRO/GN/2018/19. (8) 10th May, 2019 by the Securities and Exchange Board of India (Alternative Investment  Funds) (Amendment) Regulations, 2019 vide No. SEBI/LAD/NRO/GN/2019/16. (9) 17 April, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/10. (10) 19th October, 2020 by the Securities and Exchange Board of India (Alternative Investment Funds) (....