In a recent ruling, Sebi imposed a penalty of ₹10 lakh on Indgrowth Capital Advisors for violations of AIF rules
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The Securities and Exchange Board of India (Sebi) is often criticised for failing to enforce regulations on alternative investment funds (AIFs) with consistency. However, a recent Sebi order indicates a change in approach and shows that perhaps monitoring, investigation, and enforcement with regard to such funds is increasing.
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