AIF Scheme Investors Shall Hold Pro-Rata Rights in Investments & Proceeds Distribution Based on Their Commitment | SEBI
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Circular No. SEBI/LAD-NRO/GN/2024/209, Dated 18.11.2024
SEBI has notified amendment in SEBI (Alternative Investment Funds) Regulations, 2012, by introducing a new Sub-Regulation 21 to Regulation 20. As per the amended norms, the investors of a scheme of an Alternative Investment Fund shall have rights, pro-rata to their commitment to the scheme, in each investment of the scheme and in the distribution of proceeds of such investment. Further, the rights of investors of a scheme of an Alternative Investment Fund, shall be pari-passu in all aspects.
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