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Amendment to Regulation 20(6) of SEBI (AIF) Regulations, 2012

 Notice Date : 08 January 2021

January 08,2021

All Alternative Investment Funds(AIFs)

Sir/ Madam,  

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  under  the categories "Legal framework -Circulars" and "Info for -Alternative Investment Funds”.

Yours faithfully,

Sanjay Singh Bhati
Deputy General Manager


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