SEBI eases winding-up norms for AIFs, allowing retention of liquidation proceeds and introducing 'Inoperative Fund' status for compliance.

The Securities and Exchange Board of India (Sebi) has unveiled updated guidelines for Alternative Investment Funds (AIFs). Under these new rules, AIFs will have the option to keep…

SEBI eases winding-up norms for AIFs, allowing retention of liquidation proceeds and introducing 'Inoperative Fund' status for compliance.