SEBI Floats Consultation Paper on QIB Status of AIFs/VCFs and FVCIs
- Blog|News|Company Law|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 22 May, 2023
Latest from Taxmann
SEBI Report 3; dated: 19.05.2023
SEBI has floated a consultation paper on the Qualified Institutional Buyers (QIBs) status of AIFs/VCFs and FVCIs. The proposal targets AIFs, VCFs, and FVCIs bypassing QIB regulations by investing in IPOs with limited investors from the same family/group. It is proposed that AIFs and VCFs, excluding those with 50% or more contributions from a single investor or investors from the same group, will be classified as QIBs. Public comments are invited till June 01, 2023.
Click Here To Read The Full Updates
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
