TMI BlogConditions for Category II Alternative Investment FundsX X X X Extracts X X X X X X X X Extracts X X X X ..... Alternative Investment Funds shall invest in investee companies or in the units of Category I or other Category II Alternative Investment Funds as may be disclosed in the placement memorandum; Explanation. Category II Alternative Investment Fund shall invest primarily in unlisted companies directly or through investment in units of other Alternative Investment Funds; ] 3 [ **** ] (c) Category II A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ive Investment Funds may engage in hedging, subject to guidelines as specified by the Board from time to time; 6 [ (da) Category II Alternative Investment Funds may buy or sell credit default swaps in terms of the conditions as may be specified by the Board from time to time. ] (e) Category II Alternative Investment Funds may enter into an agreement with merchant banker to subscribe to the unsubsc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anges where the investee company is listed; (ii) such investment shall be locked in for a period of one year from the date of investment. ] ******** 1 Substituted by the SEBI (Alternative Investment Fund) (Amendment) Regulations, 2013, w.e..f 16-09-2013 for the word corpus 2. Substituted vide Notification No. SEBI /LAD- NRO /GN/2021/21 dated 05-05-2021 before it was read as (a) Category II Alterna ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 13-08-2021 before it was read as: (f) Category II Alternative Investment Funds shall be exempt from regulation 3 and 3A of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 in respect of investment in companies listed on SME Exchange or SME segment of an exchange pursuant to due diligence of such companies subject to the following conditions: (i) the fund ..... X X X X Extracts X X X X X X X X Extracts X X X X
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