The Securities and Exchange Board of India, (SEBI) on July 09, 2024, issued Information to be filed by schemes of AIFs availing dissolution period/additional liquidation period and conditions for in-specie distribution of assets of AIFs.
The following has been stated-
•Information Memorandum for schemes of AIFs entering into Dissolution Period.
oThe information memorandum for a scheme of an AIF entering into a dissolution period shall be submitted to SEBI before the expiry of the liquidation period or additional liquidation period of the scheme, as the case may be.
oThe format for the information memorandum to be submitted by the scheme of AIF entering into the dissolution period is given in Annexure I.
oThe format for the Due Diligence Certificate by Merchant Banker to be submitted along with the aforesaid information memorandum to SEBI is given in Annexure II.
•Information to be submitted by schemes of AIFs availing additional liquidation period
oIn this regard, schemes of AIFs which are intending to avail the additional/fresh liquidation period in terms of aforesaid provisions, shall submit information to SEBI regarding the same as per the format given in Annexure III, for grant of the additional liquidation period.
[Notification No. SEBI/HO/AFD-1/AFD-1-PoD/P/CIR/2024/100]
