Issuance of units of AIFs in dematerialised form

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....tions, 2012 ("AIF Regulations"), have been amended and notified on June 15, 2023. Copy of the notification is available at link. 2. In terms of Regulation 10(aa) of AIF Regulations, AIFs shall issue units in dematerialised form subject to the conditions specified by SEBI from time to time. 3. In this regard, the following is specified: 3.1. All schemes of AIFs shall dematerialise th....

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....vestors and any other fund documents. 3.4. The Depositories are directed to: 3.4.1. make necessary amendments to the relevant Bye-laws, Rules and Regulations for the implementation of the above provisions; 3.4.2. put in place a system to facilitate that any transfer of units of AIF held in dematerialised form, which requires approval of the AIF/manager of AIF in terms of PPM o....