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NOTIFICATION NO. SEBI/LAD-NRO/GN/2024/168, DATED 25-04-2024

April 27, 2024

SEBI amends Alternative Investment Funds Regulations, 2012; introduces a new regulation w.r.t ‘dissolution period’
Editorial Note : SEBI has notified the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2024. As per the amended norms, a new regulation 29B relating to the dissolution period has been inserted. It states that a scheme of an Alternative Investment Fund may enter into a dissolution period in the manner and subject to the conditions specified by the Board. Further, SEBI has introduced definitions of ‘dissolution period’ and ‘encumbrance’ under Regulation 2 of existing regulations.

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