This notification issued by the Securities and Exchange Board of India (SEBI) announces the effective date for amendments made to the Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2023.
Specifically, the amendments in sub-regulation (III) of regulation 3 of the aforementioned regulations will come into force on the date this notification is published in the Official Gazette.
Key Changes
The notification pertains to the enforcement date of amendments within the Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2023.
Sub-regulation (III) of regulation 3 of the Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2023 amendments will be effective from May 10, 2024, the date of publication of the notification in the Official Gazette.
Impact Analysis
Alternative Investment Funds (AIFs)
Legal and compliance teams should be informed about the changes and provide necessary guidance to the relevant stakeholders.
Investors in AIFs
Investors may want to seek clarification from AIF managers regarding the implementation of these amendments and their potential impact on investment returns.
SEBI
SEBI may conduct inspections and audits to ensure that AIFs are adhering to the new requirements.
Key Entities Referenced
Securities and Exchange Board of India (SEBI): The regulatory body responsible for regulating the securities market in India.
Securities and Exchange Board of India Act, 1992: The Act that establishes SEBI and provides it with the powers to regulate the securities market.
Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2023: Regulations governing Alternative Investment Funds in India, which have been amended.
Alternative Investment Funds (AIFs): Privately pooled investment funds that collect funds from sophisticated investors, whether Indian or foreign, for investing in accordance with a defined investment policy for the benefit of its investors.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-10052024-254150
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CG-MH-E-10052024-254150
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 329] िई कदपली, ि क्रिार, मई 10, 2024/ििै ाख 20, 1946
No. 329] NEW DELHI, FRIDAY, MAY 10, 2024/VAISAKHA 20, 1946
भारतीय प्रजतभजू त और जिजिमय बोडड
अजधसचू िा
म ंबई, 10 मई, 2024
स.ं सबे ी/एलएडी-एिआरओ/िीएि/2024/175.—बोडड, भारतीय प्रजतभूजत और जिजिमय बोड ड अजधजियम, 1992
(1992 का 15) की धारा 11 की उप-धारा (1), धारा 11 की उप-धारा (2) के (खक) तथा खंड (ग) और धारा 12 की
उप-धारा (1) तथा उप-धारा (1ख) के साथ पठित धारा 30 की उप-धारा (1) द्वारा प्रदाि की गई िजियों का प्रयोग करत े
हुए, एतद्द्वारा यह जिधाडठरत करता ह ै कक भारतीय प्रजतभूजत और जिजिमय बोडड [आि कजपपक जिजिधाि (जििेि) जिजधया]ाँ
(दसू रा संिोधि) जिजियम, 2023 के जिजियम 3 के उप-जिजियम (III) म ें ककए गए संिोधि रािपत्र में इस अजधसूचिा के
प्रकाजित होिे की तारीख से लागू होंगे ।
बबीता राय डू, कायडपालक जिदिे क
[जिज्ञापि-III/4/असा./098/2024-25]
2988 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 10th May, 2024
No. SEBI/LAD-NRO/GN/2024/175.—In exercise of the powers conferred by sub-section (1) of Section 30
read with sub-section (1) of Section 11, clause (ba) and clause (c) of sub-section (2) of Section 11 and sub-section (1)
and (1B) of Section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby
appoints that the amendments in sub-regulation (III) of regulation 3 of the Securities and Exchange Board of India
(Alternative Investment Funds) (Second Amendment) Regulations, 2023 shall come into force on the date of
publication of this notification in the Official Gazette.
BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./098/2024-25]
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