Relaxation in timeline for reporting of differential rights issued by AIFs
Summary
SEBI extends the deadline for Alternative Investment Funds to report differential rights issued to select investors. The new submission date is March 31, 2025, replacing the original February 28, 2025 deadline. This relaxation applies to AIFs that filed Private Placement Memorandums on or after March 1, 2020.
Text
Based on representation received from the AIF industry requesting additional time to meet the aforesaid reporting requirement, it has been decided to extend the said timeline to March 31, 2025, for ease of compliance.
Such information was to be submitted to SEBI in the prescribed format, on or before February 28, 2025.
This circular shall come into force with immediate effect.
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, read with Regulations 20(22) and 36 of AIF Regulations, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Relaxation in timeline for reporting of differential rights issued by AIFs. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.