Thursday, April 12, 2012

SEBI UNVEILS NORMS FOR AIFs

The Securities and Exchange Board of India (SEBI) has come out with the rules for Alternative
Investment Funds (AIFs). The said rules will be applicable for all pooled investment vehicles other
than family trusts and holding companies among others. The regulator has also said these funds should not have more than 1,000 investors and the minimum investment amount should not be less
than Rs 1 crore. The Securities and Exchange Board of India (SEBI) has also mandated that
sponsors should contribute at least 2.5% of the initial corpus. Moreover, Alternative investment
funds (AIFs) cannot invest more than 25% of the investible funds in one company.

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