The Securities and Exchange Board of India (“SEBI”) issued a circular dated April 10, 2023 prescribing the guidelines with respect to the exclusion of an investor from an investment of an alternative investment fund (“AIF”).
The circular provides the following circumstances in which an AIF may excuse an investor from participating in a particular investment:
The Circular will come into force from immediate effect.
Please find a copy of the Circular, here.
This update has been contributed by Adity Chaudhury (Partner) and Amaan Rahman (Associate).
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