No Pro-Rata Rights for Defaulting AIF Investors | SEBI

Blog|News|Company Law|
< 1 minute

By Taxmann
|
Last Updated on 18 December, 2024

Circular SEBI/HO/AFD/AFD-POD-1/P/CIR/2024/175 dated 13-12-2024

Earlier, the SEBI had notified the norms w.r.t pro-rata and pari-passu rights of investors of AIFs. Now, SEBI has specified that the investors that has defaulted on providing his/her pro-rata contribution for the said investment will not be eligible for pro-rata rights. Further, the requirement of maintaining pro-rata rights of investors shall not be applicable to the extent returns or profit on the investments is shared by an investor with the manager or sponsor of the AIF.

Click Here To Read The Full Circular

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Taxmann

No Pro-Rata Rights for Defaulting AIF Investors | SEBI

Recent Posts