The Securities and Exchange Board of India (SEBI) on July 18, 2024, issued the Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2024 to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.
The following amendments have been stated:
• In regulation 2 which specifies definitions, in sub-regulation (1), in clause (z), after the words and symbols “an angel fund as defined under Chapter III-A”, the words “and migrated venture capital fund as defined under Chapter III-D” shall be inserted.
• After Chapter III-C, the following new chapter shall be inserted, namely, - “CHAPTER III-D”.
• In the Second Schedule,
o the words and symbols “sub-regulations (2) and (5) of regulation 3” shall be substituted with the words and symbols “sub-regulation (5) of regulation 3”.
o in Part A, the words and symbols “Re-registration Fee: ₹ 1,00,000” shall be omitted.
They shall come into force on July 18, 2024.
[Notification No. SEBI/LAD-NRO/GN/2024/194]
