- The revised guidelines were framed by SEBI by amending the SEBI (Alternative Investment Funds) Regulations, 2012.
- The framework deals with:
- Declaration of the First Close
- Calculation of Tenure
- Change of Sponsor/Manager
- Change in Control of Sponsor/Manager
- As per the guidelines, for taking the Private Placement Memoranda (PPM), the first close of a scheme must be declared within 12 months from the date of communication with SEBI.
- It further mentions that the fee must be paid within 15 days of the proposed change of the sponsor/manager or changes in control of the sponsor/manager.
- SEBI is a Government of India-owned regulatory body that was established in 1992 with its headquarters in Mumbai, Maharashtra. The current Chairperson of it is Madhabi Puri Buch.
Question:
Q.1 According to the recently issued guidelines regarding AIF by SEBI, the first close of a scheme must be declared within ______ from the date of communication with SEBI.a. 06 months
b. 12 months
c. 18 months
d. 24 months
