Sebi announces norms to fast-track launch of AIF schemes
Mumbai: The Securities and Exchange Board of India on Tuesday introduced a fast-track mechanism for processing private placement memoranda (PPM) of alternative investment funds, allowing quicker launch of schemes while placing greater responsibility on merchant bankers and AIF managers. Under the new framework, AIFs-excluding large value funds for accredited investors-can launch schemes and circulate PPMs to investors 30 days after…
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