SEBI notifies relaxation in compliance with requirements pertaining to AIFs and VCFs

In light of market events due to CoVID-19 pandemic, Securities and Exchange Board of India (SEBI), vide Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/58, dated March 30, 2020, extended the due date for regulatory filings for Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) for the periods ending March 31, 2020 and April 30, 2020.2.

According to SEBI, a need has been felt to further extend the timelines for regulatory filings for AIFs and VCFs.

Accordingly, AIFs and VCFs may submit the regulatory filings for the months ending  March,  April,  May  and  June  2020,  as  applicable, on  or before August 07, 2020.

This Circular is issued in exercise of powers conferred under Section 11(1) of the  Securities  and  Exchange  Board  of  India Act,  1992  and  shall  come  into force with immediate effect.

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