Sebi’s AIF rules get questioned
The PE/VC industry fears Sebi’s notification will add more responsibilities on AIF panel members
Private equity and venture capital industry body, Indian Venture Capital Association (IVCA) has asked the Securities and Exchange Board of India (Sebi) to reconsider its recent notification regarding members on an alternative investment fund’s (AIF) so-called investment committee, said three people, seeking anonymity. The industry fears that this move could disrupt the way these funds function, they said.
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