TMI BlogSEBI (Alternative Investment Funds) Regulations, 2012X X X X Extracts X X X X X X X X Extracts X X X X ..... und shall: (a) carry out its business activities and invest in accordance with the investment objectives stated in the placement memorandum and other fund documents. (b) be operated and managed in the interest of all investors and not only in the interest of the sponsor, manager, directors or partners of the sponsor and manager or a select class of investors. (c) ensure the dissemination ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry Manager of Alternative Investment Funds and key management personnel of the manager and Alternative Investment Funds shall: (a) abide by the Act, Rules, Regulations, Guidelines and Circulars as applicable to Alternative Investment Funds at all times; (b) maintain integrity, highest ethical and professional standards in all its dealings; (c) ensure proper care and exercise due diligence ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not misleading, as required by the valuer to carry out appropriate valuation of the portfolio; (i) not enter into arrangements for sale or purchase of securities, where there is no effective change in beneficial interest or where the transfer of beneficial interest is only between parties who are acting in concert or collusion, other than for bona fide and legally valid reasons; (j) abide by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mation is received that such information is not subject to any non-disclosure agreement. (3) Code of Conduct for members of the Investment Committee, trustee, trustee company, directors of the trustee company, directors or designated partners of the Alternative Investment Fund Members of the Investment Committee, trustee, trustee company, directors of the trustee company, directors or desi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nformation is not subject to any non-disclosure agreement. (e) not indulge in any unethical practice or professional misconduct or any act, whether by omission or commission, which tantamount to gross negligence or fraud. ] ************* NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/21 dated 05-05-2021 - - statute, statutory provisions legislation, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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