SEBI issues Master Circular for Alternative Investment Funds incorporating provisions until March 31, 2024.

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Full Text of the Document

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....The Master Circular for Alternative Investment Funds (AIFs) issued by SEBI consolidates regulatory requirements for AIFs. It supersedes previous circulars and incorporates provisions issued until March 31, 2024. AIFs must also comply with SEBI requirements for market intermediaries. Any prior actions under rescinded circulars are deemed under the new Circular. Trustees/sponsors must ensure compliance and submit a "Compliance Test Report." The Circular is issued u/s 11(1) of the SEBI Act to protect investor interests and regulate the securities market.....