Relaxation in compliance with requirements pertaining to AIFs and VCFs

Last updated: 31 March 2020

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The Securities and Exchange Board of India (SEBI) has announced a relaxation in compliance for Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs). Due to the COVID-19 pandemic, the due dates for regulatory filings for periods ending March 31, 2020, and April 30, 2020, have been extended by two months. This extension provides additional time beyond the existing timelines.

Securities and Exchange Board of India

SEBI/H0/1MD/DF1/CIR/P/2020/58

March 30, 2020

All Alternative Investment Funds (AIFs) All Venture Capital Funds (VCFs)

Sir/ Madam,

Sub: Relaxation in compliance with requirements pertaining to AIFs and VCFs

1. In light of recent market events due to CoVID-19 pandemic, a need has been felt to extend the due date for regulatory filings for AIFs and VCFs.

2. Accordingly, it has been decided to extend the due date for regulatory filings for AIFs and VCFs for the periods ending March 31, 2020 and April 30, 2020 by two months, over and above the timelines prescribed under SEBI (Alternative Investment Funds) Regulations, 2012 and circulars issued thereunder.

3. This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and shall come into force with immediate effect.

4. This Circular is available on SEBI website at sebi.gov.in under the category “Legal – Circulars” and “Info for – Alternative Investment Funds”.

Yours faithfully,

Naveen Sharma
General Manager
Tel no.: +91-22-26449709
Email: naveens@sebi.gov.in

FAQ :

The relaxation is due to recent market events caused by the COVID-19 pandemic.

All Alternative Investment Funds (AIFs) and All Venture Capital Funds (VCFs) are affected.

The due date for regulatory filings has been extended by two months.

The deadlines are extended for periods ending March 31, 2020, and April 30, 2020.

This circular is available on the SEBI website (sebi.gov.in) under the 'Legal – Circulars' and 'Info for – Alternative Investment Funds' categories.

Notification No : SEBI/H0/1MD/DF1/CIR/P/2020/58
Source : https://www.sebi.gov.in/legal/circulars/mar-2020/relaxation-in-compliance-with-requirements-pertaining-to-aifs-and-vcfs_46462.html

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