2025-02-14
The Securities and Exchange Board of India (SEBI) has modified the Master Circular for Alternative Investment Funds (AIFs) to relax the deadlines for holding investments in dematerialised form. All new investments made on or after July 1, 2025, must be held in dematerialised form, while existing investments are exempt unless the investee company is legally mandated to facilitate dematerialisation or the AIF exercises control over it. For those existing investments requiring dematerialisation, the deadline is extended to October 31, 2025, with exemptions for schemes ending or in extended tenure by that date.