All Alternative Investment Funds(AIFs)
Sub: Amendment to Regulation 20(6) of SEBI (AIF) Regulations, 2012
1.In terms of the amendment to SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”), notified on January 08, 2021, exemption is granted from applicability of clause (i) and (ii) ofthe first proviso to Regulation 20(6), subject to certain conditions including each investorfurnishinga waiver to the AIFin respect of compliance with these clauses, in the mannerspecified by SEBI.The said notification is availablehere.
2.The format forwaiver to be furnished by the investors in this regard, isgiven at Annexure I.
3.This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities market and to promote the development of, and to regulate the securities market.
4.The circular isavailable on SEBI website at www.sebi.gov.in under the categories "Legal framework -Circulars" and "Info for -Alternative Investment Funds”.
Sanjay Singh Bhati
Deputy General Manager