SEBI Prescribes a Standardised Approach for Valuation of Investment Portfolio of AIFs
- Blog|News|Company Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 23 June, 2023
Latest from Taxmann
Circular No. SEBI/HO/AFD/PoD/CIR/2023/97, Dated: 21.06.2023
As per Regulation 23(1) of the SEBI (Alternative Investment Fund) Regulations, AIFs are required to carry out the valuation of their investments in a manner specified by SEBI. In order to provide clarity, SEBI has clarified that the valuation of securities for which valuation norms have been prescribed under SEBI (Mutual Funds) Regulations, 1996 must be carried out as per these regulations.
Further, for securities that do not have specific valuation norms prescribed, the valuation shall be carried out as per valuation guidelines endorsed by an AIF industry association. To be considered eligible, the AIF industry association must represent at least 33% of the number of SEBI-registered AIFs in terms of membership.
Also, the eligible AIF industry association shall endorse appropriate valuation guidelines after taking into account the recommendations of Alternative Investment Policy Advisory Committee of SEBI.
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 Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
