Following the requests from the AIF industry, the deadline has been extended till March 31, 2025, the Securities and Exchange Board India F India (SEBI) said in a circular.
Earlier, the regulator amended the AIF Regulations in November on the right of investors in AIF plans. Then in December, he gave different guidelines for certain investors for AIFS.
Under the guidelines, SEBI directed the AIFS to give investors rights in the proportion of their commitments and the distribution of income in the plan.
In simple terms, the risks as well as the awards for investments made by the AIF scheme need to share the proportion of investors’ contributions to the scheme.
The purpose was to clarify the regulatory purpose of AIFS’s pooled investment vehicles and guarantee the proper and equal treatment of AIF investors.
Sebi said differential rights can be offered to select AIF plan investors without affecting the interest of other investors of the scheme.
AIF is a privately pulled investment vehicle, which collects funds from investors to invest under investors for the benefit of its investors.
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