SEBI amends AIF Regulations to (a) permit creation of encumbrances by Category-I and Category-II AIFs in respect of their investments, (b) prescribe conditions for Category-I and Category-II AIFs to borrow and (c) provide for extension of tenure of LVFs

Category-I and Category-II Alternate Investment Funds (AIFs) are not permitted to undertake any leverage (i.e. directly or indirectly borrow funds) other than to meet temporary funding requirements and day-to-day operational requirements for not more than 30 days, on not more than four occasions in a year and not more than 10% of investable funds. On…

SEBI amends AIF Regulations to provide for migration of Venture Capital Funds (VCFs) registered under the erstwhile VCF Regulations to AIF Regulations and enable such VCFs to manage their unliquidated investments upon expiry of tenure

The Securities and Exchange Board of India (SEBI) vide the SEBI (Alternative Investment Funds) (Third Amendment) Regulations, 2024 (Amendment Regulations) notified on July 11, 2024, introduced a new chapter providing for migration of Venture Capital Funds (VCFs) registered under the erstwhile SEBI (Venture Capital Funds) Regulations, 1996 (VCF Regulations) to SEBI (Alternative Investment Funds) Regulations,…

Gangesh Verma quoted in an article “Star Health breach: Beware, your Aadhaar, PAN, password leak risk fraud” published by Business Standard

Gangesh Verma is quoted in an article titled ‘Star Health breach: Beware, your Aadhaar, PAN, password leak risk fraud’ published by Business Standard on October 11, 2024. Link to the full article: https://www.business-standard.com/finance/personal-finance/star-health-breach-beware-your-aadhaar-pan-password-leak-risk-fraud-124101100345_1.html  

Mathew Thomas quoted in an article “Sebi’s new rights-issue norm could dilute shareholder’s stake without a vote, but proxy advisors welcome it” published by Moneycontrol

Mathew Thomas is quoted in an article titled ‘Sebi’s new rights-issue norm could dilute shareholder’s stake without a vote, but proxy advisors welcome it’ published by Moneycontrol on October 8, 2024. Link to the full article: https://www.moneycontrol.com/news/business/markets/sebis-new-rights-issue-norm-could-dilute-shareholders-stake-without-a-vote-but-proxy-advisors-welcome-it-12837934.html