Regulation 10(aa) of AIF Regulations, AIFs shall issue units in a dematerialised form subject to the conditions specified by SEBI from time to time.
All schemes of AIFs shall dematerialise their units in the following time frame:
| Particulars | Schemes of AIFs with corpus ≥ Rs 500 Crore | Schemes of AIFs with corpus < Rs 500 Crore |
| Dematerialisation of all the units issued | Latest by October 31, 2023 | Latest by April 30, 2024 |
| Issuance of units only in dematerialised form | November 01, 2023 onwards | May 01, 2024, onwards |
The requirement of dematerialisation of units of AIFs as specified above, shall not be applicable for schemes whose tenure (excluding permissible extensions in tenure) ends on or before April 30, 2024.
Link: SEBI | Issuance of units of AIFs in dematerialised form
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