Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2026.

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....RD AMENDMENT) REGULATIONS, 2026 No. SEBI/LAD-NRO/GN/2026/326.- In exercise of the powers conferred by Section 30(1) read with Section 11(1), Section 11(2)(ba), Section 11(2)(c), Section12(1) and Section12(1B) of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Alternat....

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....g eligibility conditions, in a manner as may be specified by the Board from time to time, -" shall be inserted; iii. in sub-clause (i), in item (C), the symbol "." shall be substituted with the word and symbol "; or"; iv. in sub-clause (i), after item (C), a new item (D) shall be inserted, namely, - "(D) securities market exposure of at least five crore rupees, as specif....

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....t exposure of at least twenty crore rupees, as specified by the Board;" viii. in sub-clause (iv) so renumbered, after the words "net worth of at least fifty crore rupees", the words "or securities market exposure of at least twenty crore rupees, as specified by the Board" shall be inserted; ix. in sub-clause (v) so renumbered, after the words "eligibility criteria for accreditati....

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....vestment Fund or the Manager in the securities market shall be submitted to a dispute resolution mechanism that includes mediation and/or conciliation and/or arbitration, in accordance with the procedure specified by the Board. (2) Where claims, differences or disputes between investors and the Alternative Investment Fund or the Manager arise under sub-regulation (1), then any loss or dam....