IFSCA Allows Re-Filing of Expired Private Placement Memorandums Under Fund Management Regulations
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- Last Updated on 10 April, 2025
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Circular F. No. IFSCA-IF-10PR/1/2023-Capital Markets/7, Dated 08.04.2025
Earlier, IFSCA had notified IFSCA (Fund Management) Regulations, 2025. Under the FM Regulations, 2025, the validity of PPMs for Venture Capital and Restricted Schemes is extended to 12 months from 6 months under the 2022 Regulations. Now, IFSCA has allowed schemes with expired PPMs before February 19, 2025, a one-time opportunity to re-file within 3 months of the circular. Entities must retain key scheme aspects, allowing only necessary changes for compliance.
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