

SEBI vide its Circular dated June 6, 2025 (SEBI/HO/AFD/SEC-3/P/CIR2025/85), has extended the additional liquidation period for Venture Capital Funds (VCFs) migrating to the SEBI (Alternative Investment Funds) Regulations, 2012. Initially, this extended period was up to July 19, 2025, as per SEBI’s earlier circular dated August 19, 2024. It has now been further extended to July 19, 2026 to facilitate smoother migration. However, the last date to apply for migration remains unchanged at July 19, 2025. All other provisions of the August 2024 circular remain applicable.