SEBI allows AIFs to retain liquidation proceeds beyond fund life; everything investors need to know
New Delhi: Markets regulator SEBI on Tuesday issued guidelines to permit Alternative Investment Funds (AIFs) to retain liquidation proceeds beyond their permissible fund life under specified circumstances. The regulator also introduced an ‘Inoperative Fund’ framework for wound-up funds with residual obligations. The move follows amendments to the SEBI (Alternative Investment Funds) Regulations on April 18 aimed … Read more