Relaxation in timeline for reporting of differential rights issued by AIFs

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....s 1. Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 ("AIF Regulations") have been amended and notified on November 18, 2024, with respect to maintaining pro-rata and pari-passu rights of investors in a scheme of an AIF. 2. Subsequently, SEBI Circular dated December 13, 2024 on 'Pro-rata and pari-passu rights of investors of AIFs' prescribed, inter-ali....

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....compliance. 5. This circular shall come into force with immediate effect. 6. This circular is issued with the approval of the competent authority. 7. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, read with Regulations 20(22) and 36 of AIF Regulations, to protect the interests of investors in securities ....