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CIRCULAR SEBI/HO/IMD/DF6/CIR/P/2021/004 January 08,2021 To, 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 wai
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FAQ :
The circular concerns an amendment to Regulation 20(6) of the SEBI (Alternative Investment Funds) Regulations, 2012.
An exemption is granted from the applicability of clauses (i) and (ii) of the first proviso to Regulation 20(6).
Yes, the exemption is subject to certain conditions, including each investor furnishing a waiver to the AIF.
Investors must furnish a waiver to the AIF concerning compliance with the specified clauses, in the manner prescribed by SEBI.
The format for the waiver to be furnished by investors is provided in Annexure I of the circular.
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992.
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Source : https://www.sebi.gov.in/legal/circulars/jan-2021/circular-on-amendment-to-regulation-20-6-of-sebi-aif-regulations-2012_48710.html