Sebi extends timeline for AIFs to hold their investments in demat form

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Sebi extends timeline for AIFs to hold their investments in demat form - Business Standard

Quick Summary:

According to a circular, any investment made by an AIF on or after July 1, shall be held in dematerialised form only, irrespective of whether the investment is made directly in the investee company or is acquired from another entity.

However, any investments made prior to July 1, are exempted from the requirement of being held in dematerialised form, except in specific cases, it added.

Under the revised framework, the regulator stated that investments made before July 1, must be converted into dematerialised form before October 31.