Change in control of Sponsor and/or Manager of Alternative Investment Fund involving scheme of arrangement under Companies Act, 2013

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....r and/or Manager of Alternative Investment Fund involving scheme of arrangement under Companies Act, 2013 1. Regulation 20(13) of SEBI (Alternative Investment Funds) Regulations, 2012 ("AIF Regulations"), inter-alia, requires that in case of change in control of the Sponsor and/or Manager of the Alternative Investment Fund (AIF), prior approval from the Board shall be taken by the AIF. Further,....

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....ied with compliance of the applicable regulatory requirements, in-principle approval will be granted by SEBI; iii. The validity of such in-principle approval shall be three months from the date of issuance, within which the relevant application shall be made to NCLT; iv. Within 15 days from the date of order of NCLT, applicant shall submit the following documents to SEBI for fina....