The Securities and Exchange Board of India (SEBI) is updating its reporting requirements for Alternate Investment Funds (AIFs) to keep pace with the sector's rapid evolution. Recognising the need for uniformity and ease of compliance, SEBI has issued a new circular detailing revised quarterly reporting formats. These changes, developed in consultation with industry associations like IVCA and Equalifi, aim to streamline the process for AIFs and ensure market integrity.
Alternate Investment Fund (AIF) is a relatively new concept in India as it is just a decade-old concept, which was boosted by the surge of Venture Capital Investments in India. The Securities Exchange Board of India (SEBI) in 2012 brought- the SEBI (Alternative Investment Funds) Regulations, 2012 (t
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FAQ :
The main goal is to align reporting requirements with the rapid evolution of Alternate Investment Funds and to address the lack of uniformity in reporting formats, thereby simplifying compliance for AIFs.
SEBI first introduced the SEBI (Alternative Investment Funds) Regulations in 2012.
From the quarter ending December 31, 2023, onwards, AIFs are required to submit their reports within 15 calendar days from the end of the relevant quarter.
SEBI consulted with the Indian Venture and Alternate Capital Association (IVCA) and Equalifi for the revised reporting format.
AIFs can download the revised quarterly reporting format from the IVCA website.