AIF Schemes Must Submit Info Memorandum and Comply with SEBI Rules on Liquidation and In-Specie Distribution.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....AIF schemes availing dissolution period or additional liquidation period must file information memorandum/details with SEBI. Formats prescribed for information memorandum, due diligence certificate by merchant banker, and details for availing additional liquidation period. Conditions specified for in-specie distribution of unliquidated investments, including mandatory distribution post dissolution period and approval requirements. Manager, trustee, and key personnel responsible for compliance. Trustee/sponsor to ensure compliance in test report.....