SEBI Reduces Time Limit for Making Overseas Investments by AIFs & VCFs from 6 Months to 4 Months
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- By Chetan Kulasri
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- Last Updated on 7 August, 2023
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Circular No. SEBI/HO/AFD/PoD/CIR/P/2023/137, Dated: 04.08.2023
Earlier, Venture Capital Funds (VCFs) and Alternative Investment Funds (AIFs) were provided with a time limit of 6 months for making allocated investments in offshore venture capital undertakings, starting from the date of obtaining prior approval from SEBI.
Based on recommendations of the Alternative Investments Policy Advisory Committee, SEBI has now decided to reduce the aforesaid time limit for making overseas investments by AIFs/VCFs from 6 months to 4 months. The aim of the amendment is to optimize the utilization of allocated limits, ensuring efficient use.
The reduction of the time limit for making overseas investments by AIFs/VCFs from 6 months to 4 months is expected to expedite investment decisions, foster increased competition, drive efficient capital deployment, and necessitate streamlined processes for risk management and documentation.
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