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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.