SEBI vide its Circular no. SEBI/HO/IMD/IMD-I/DF6/P/CIR/2021/645 dated October 21,2021 have specified the Modalities for filing of placement memorandum through a Merchant Banker. Earlier on 13th August 2021 SEBI made amendment in the AIF regulations to mandate that Placement memorandum shall
Background Alternative investment funds (AIFs) are governed by Securities and Exchange Board of India (SEBI) under the SEBI (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations'). Prior to 2012, AIFs were governed by the SEBI (Venture Capital Funds) Regulations, 1996. With
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