Article
SEBI’s New “Inoperative Fund” Framework: Reforms In Winding-up Rules For Alternative Investment Funds (AIFs)
Over the years, Securities and Exchange Board of India (“SEBI”) has introduced a series of reforms to refine the winding-up framework governing Alternative Investment Funds (“AIFs”). Through these changes, SEBI has sought to make the winding-up process more practical and comprehensive, addressing the various issues that arise at the end of a fund’s tenure and improving the overall framework for closure of AIFs.
Legitpro Law