The Securities and Exchange Board of India (SEBI), at its board meeting on 25 June, approved amendments to the SEBI (Alternative Investment Fund) Regulations, 2012 (AIF regulations), thereby providing a framework for the setup of funds focused on investments in startups (angel funds).
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The legislative and regulatory update is compiled by Nishith Desai Associates, a Mumbai-based law firm. The authors can be contacted at nishith@nishithdesai.com. Readers should not act on the basis of this information without seeking professional legal advice.
