Regulatory Alerts2025-09-09
Securities and Exchange Board of India (Alternative Investment Funds) Regulations 2012
The Securities and Exchange Board of India issues these regulations to govern privately pooled investment vehicles established in India that are not covered under mutual fund or collective investment scheme rules. The document establishes comprehensive definitions for key entities, including accredited investors with specific income and net worth thresholds, and categorizes funds into types such as venture capital, private equity, infrastructure, and social impact funds. It further delineates the regulatory framework for fund managers, sponsors, custodians, and co-investment schemes while excluding specific entities like family trusts and ESOPs from the definition of Alternative Investment Funds.
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