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Schemes of AIFs which have adopted priority in distribution among investors - SEBI - SEBI/HO/AFD-1/PoD/P/CIR/2022/157

Extract

..... investors. 2. As per clause 3(c) of SEBI circular no. CIR/IMD/DF/14/2014 dated June 19, 2014, with respect to investment by the sponsor/manager in the AIF, the sharing of loss by the sponsor/manager shall not be less than pro rata to their holding in the AIF vis-à-vis other unit holders. 3. While it has not been explicitly restricted in AIF Regulations that the sharing of loss by a class of investors shall not be less than pro rata to their holding in the AIF vis-à-vis other class .....

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Schemes of AIFs which have adopted priority in distribution among investors - SEBI

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..... ued 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 and to promote the development of, and to regulate the securities market. 8. The circular is available on SEBI website at www.sebi.gov.in under the categories "Legal framework - Circulars" and "Info for - Alternative Investment Funds”. Yours faithfully, Sanjay Singh Bhati Deputy General Manager Tel no.: +91-22-264 .....

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Schemes of AIFs which have adopted priority in distribution among investors - SEBI

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