Sebi opens faster route for rollout of AIF plans
· economictimes.indiatimes.com
The Securities and Exchange Board of India has introduced a new green channel mechanism. This new framework, called GARUDA, aims to speed up the launch of Alternative Investment Fund schemes. Regular AIF schemes can now be launched ten days after filing their placement memorandum. Accredited investor only funds and large value funds have been granted further flexibility. These changes will allow for quicker introduction of new AIF plans.
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