Relaxation in timelines for holding AIFs’ investments in dematerialised form

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....Alternative Investment Funds) Regulations, 2012 ("AIF Regulations") have been amended and notified on January 05, 2024, with respect to AIFs holding their investments in dematerialised form. 2. Subsequently, SEBI Circular dated January 12, 2024 [subsumed subsequently in Chapter 21 of Master Circular for AIFs dated May 07, 2024 ("Master Circular")] prescribed timelines for AIFs with respect to hol....

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....ntermediaries/entities which are mandated to hold their investments in dematerialised form, exercises control over the investee company. For the purpose of the aforesaid clause, the definition of 'control' shall be construed with reference to Regulation 2(1)(f) of AIF Regulations. 21.3. The investments made by an AIF prior to July 01, 2025 which are covered under conditions as specified in Para ....