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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024

18-Nov-2024 | No. SEBI/LAD-NRO/GN/2024/209

SEBI has issued Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024, effective from 18th November 2024. By virtue of this notification, following amendments are made- 1. In regulation 19B, in sub-regulation (2), after the words "sub-regulation (2) of regulation 16," and before the words "and the guidelines and circulars", the words "sub-regulation (21) of regulation 20" are inserted. 2. In regulation 20 after sub-regulation 20, the following sub-regulations are inserted- i) Sub-regulation 21 - The rights of an investor of a scheme of an AIF shall be in equal proportion to their commitment to the scheme , in each investment of the scheme and in the distribution of proceeds of such investment, except as may be specified by the Board from time to time. ii) Sub-regulation 22 - The rights of an investor of a scheme of an AIF, other than that specified in sub-regulation (21) of regulation 20, shall be pari-passu in all aspect. Kindly refer to the attached notification, for more information.

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