Photo of Mudit Burad

Associate in the Investment Funds Practice at the Mumbai of Cyril Amarchand Mangaldas. Mudit have experience in fund structuring, negotiations and obtaining regulatory approvals from regulators across jurisdictions. He has advised the international fund houses and financial institutions in setting up bespoke investment vehicles. He regularly represents trust funds, sovereign funds, and pension funds as limited partner counsel in negotiations. He can be reached at mudit.burad@cyrilshroff.com.

SEBI Prescribes Due Diligence Norms for AIFs to Curb Regulatory Circumvention

Introduction

A new set of regulations has been implemented for Alternative Investment Funds (“AIFs”) to exercise “specific due diligence”,[1] with respect to their investors. The aim is to prevent investors from circumventing the extant norms administered by the financial sector regulators. These include:Continue Reading SEBI Prescribes Due Diligence Norms for AIFs to Curb Regulatory Circumvention