TaxTMI 
TaxTMI 
Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2022
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....lations to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, namely, - 1. These Regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2022. 2. They 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. in clause (a) of sub-regulation (4) of regulation 3, after the words "infrastructure funds" and before the words "and such other", the words and symbol ", special situation funds" shall be inserted. II. In regulation 12, i. in sub-regulation (3), the symbol "." shall be substitute....
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....e to time or as part of a resolution plan approved under the Insolvency and Bankruptcy Code, 2016 or in terms of any other policy of the Reserve Bank of India or Government of India issued in this regard from time to time; (ii) against whose borrowings, security receipts have been issued by an Asset Reconstruction Company registered with the Reserve Bank of India; (iii) whose borrowings are subject to corporate insolvency resolution process under Chapter II of the Insolvency and Bankruptcy Code, 2016; (iv) who have disclosed all the defaults relating to the payment of interest/ repayment of principal amount on loans from banks / financial institutions/ Systemically Important Non-Deposit taking Non-Banking Financial Companies/ Deposit....
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....al situation funds. 19K. An applicant may apply for registration as a special situation fund in accordance with the provisions of Chapter II of these Regulations. Investment in special situation funds. 19L. (1) Each scheme of a special situation fund shall have a corpus as may be specified by the Board. (2) The special situation fund shall accept from an investor, an investment of such value as may be specified by the Board. (3) The special situation fund shall not accept investments from any other Alternative Investment Fund other than a special situation fund. Investment by special situation funds. 19M. (1) Special situation funds shall invest only in special situation assets and may act as a resolution applicant under the I....
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....o. SEBI/LAD-NRO/GN/2012- 13/04/11262. 2. The Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 were subsequently amended on, - (1) 16th September, 2013 by the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/24/6573. (2) 23rd May, 2014 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/03/1089. (3) 26th September, 2014 by the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/11/1576. (4) 14th August, 2015 by the Securities and Exchange Board of India (Alternative Investment Funds) ....