SEBI Prescribes Due Dates for Dematerialisation of AIF Units Based on Corpus Size
- Blog|News|Company Law|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 23 June, 2023
Latest from Taxmann
Image
Circular No. SEBI/HO/AFD/PoD1/CIR/2023/96, Dated: 21.06.2023
As per Regulation 10(aa) of the AIF Regulations, AIFs are required to issue units in dematerialised form, subject to the conditions specified by SEBI. Now, SEBI has directed all the AIFs schemes with a corpus of not less than Rs 500 Cr. to dematerialise its units by 31.10.2023. For AIF schemes with a corpus less than Rs 500 Cr., the due date is 30.04.2024.
Further, from 01.11.2023, units can only be issued in dematerialised form for schemes with a corpus of not less than Rs 500 cr. For AIF schemes with a corpus of less than Rs 500 Cr, units can only be issued in dematerialised form from 01.05.2024.
Click Here To Read The Full Circular
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
