The Securities and Exchange Board of India(Alternative Investment Funds) Regulations, 2012 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. A one time reporting requirement has been mandated for AIFs/schemes of AIFs whose PPMs were filed with SEBI on or after March 01, 2020, and have issued differential right(s) which do not fall under the implementation standards formulated by Standard Setting Forum for AIFs. Such information was to be submitted to SEBI in the prescribed format, on or before February 28, 2025.
Based on representation received from the AIF industry requesting additional time to meet the reporting requirement, it has been decided to extend the timeline to March 31, 2025, for ease of compliance.
This circular shall come into force with immediate effect.
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