SEBI proposes direct reporting of changes in terms of ‘Private Placement Memorandum of AIFs’
Editorial Note : As per Master Circular dated July 31, 2023 for AIFs, an intimation regarding any change in terms of a Private Placement Memorandum (PPM) is required to be submitted to SEBI through a merchant banker, along with a due diligence certificate from merchant banker in a format specified by SEBI. The SEBI has now proposed the direct reporting of changes in terms of PPM of AIFs and may not be required to be submitted via merchant banker. The comments/suggestions must be submitted by 26.04.2024.