SEBI has updated AIF regulations allowing funds to retain proceeds beyond their life for unresolved liabilities. A new 'Inoperative Fund' category will help manage ongoing legal, tax, and regulatory issues during winding-up while ensuring compliance and operational transparency.
SEBI has updated its Alternative Investment Fund (AIF) regulations, permitting funds to retain proceeds beyond their official lifespan to cover unresolved liabilities. A significant introduction is the 'Inoperative Fund' category, designed to manage persistent legal, tax, and…
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