Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2025

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....), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, namely, - 1. These Regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2025. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, - I. In sub-regulation (1) of regulation 2, i. after the clause (ab), the following clause shall be inserted, namely, - "(ac) "Accredited Investors only fund" means an Alternative Investment Fund or scheme of ....

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....is sub-clause shall not apply to Accredited Investors only fund; and" III. In clause (f) of regulation 10, i. in the proviso, after the word "Provided", the word "further" shall be inserted. ii. before the existing proviso, the following new proviso shall be inserted, namely, - "Provided that accredited investors shall be excluded while computing the number of investor in a scheme of an Alternative Investment Fund:" IV. In sub-regulation (5) of regulation 13, i) in the first proviso, the words "large value fund for accredited investors" wherever appearing shall be substituted with the words "Accredited Investors only fund". ii) in the second proviso, the words "a large value fun....

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.... (b) 23rd May, 2014 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/03/1089. (c) 26th September, 2014 by the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/11/1576. (d) 14th August, 2015 by the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015-16/011. (e) 4th January, 2017 by the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2016 vide No. SEBI/LAD/NRO/GN/2016-17/026. (f) 6th March, 2017 by the Securities and ....

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....13th August, 2021 by the Securities and Exchange Board of India (Alternative Investment Funds) (Fourth Amendment) Regulations, 2021 vide No. SEBI.LAD-NRO/GN/2021/41. (p) 9th November, 2021 by the Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/57. (q) 24th January, 2022 by the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2022 vide No. SEBI/LAD-NRO/GN/2022/68. (r) 16th March, 2022 by the Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2022 vide No. SEBI/LAD-NRO/GN/2022/75. (s) 25th July, 2022 by th....