SEBI has invited comments on Draft Circular for relaxation in requirement of intimation of changes in the terms of Private Placement Memorandum of Alternative Investment Funds through Merchant Banker. To facilitate ease of doing business and rationalize cost of compliance for AIFs, it is proposed that changes in certain terms of PPM may not be required to be submitted through a merchant banker and may be filed directly with SEBI.
Public comments are invited on the draft Circular on “Relaxation in requirement of intimation of changes in the terms of Private Placement Memorandum of Alternative Investment Funds through Merchant Banker”. The comments/ suggestions should be submitted latest by April 26, 2024.
