AIFs to Obtain Consent of 75% of Investors by Value their Investment for Launching Liquidation Scheme: SEBI
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- Last Updated on 23 June, 2023
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Circular No. SEBI/HO/AFD/PoD-I/P/CIR/2023/098, Dated 21.06.2023
Recently, AIFs Regulations have been amended and notified to provide flexibility to AIFs to deal with investments of their schemes which are not sold, by selling such investments to a new scheme of the same AIF (Liquidation Scheme). Now, the SEBI has notified amendments to AIF Regulations in relation to the liquidation scheme. If an AIF chooses to launch Liquidation Scheme, it is required to obtain the consent of 75% of investors by the value of their investment in the original scheme.
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