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Processing of applications for registrations of AIFs and launch of schemes - SEBI - SEBI/HO/IMD/DF6/CIR/P/2020/209

Extract

..... tee is mandated to approve the investment decisions of the AIF. Such Investment Committees may consist of internal members (employees, directors or partners of the Manager) and/ or external members. 2 Pursuant to the approval of SEBI Board, the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) have been amended to provide that the Manager may constitute Investment Committee (by whatever name it may be called) to approve investment decisions of the AIF, subject .....

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Processing of applications for registrations of AIFs and launch of schemes - SEBI

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..... ’, shall be considered only after receipt of clarification as stated in Para 3 above. 5 This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities market and to promote the development of, and to regulate the securities market. 6 The circular is available on SEBI website at www.sebi.gov.in under the categories "Legal framework - Circulars" and "Info fo .....

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Processing of applications for registrations of AIFs and launch of schemes - SEBI

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