 "Coronavirus impact: Sebi extends regulatory filing deadline for AIF, VC")
With an aim to reduce the compliance burden on venture capital funds and alternative investment funds, markets regulator Sebi on Thursday extended the due date for regulatory filings till August 7.
The move comes in the wake of recent market events due to Covid-19 pandemic, Sebi said in a circular.
Sebi had earlier extended the due date for regulatory filings for alternative investment funds (AIFs) and venture capital funds (VCFs) for the periods ended March 31 and April 30 by two months, over and above the timelines prescribed under Sebi (Alternative Investment Funds) Regulations.
The regulator said a need has been felt to further extend the timelines for regulatory filings for such entities.
"Accordingly, AIFs and VCFs may submit the regulatory filings for the months ending March, April, May and June 2020, as applicable, on or before August 7, 2020," the Securities and Exchange Board of India (Sebi) said.
AIFs are privately-pooled investment funds that collect funds from investors, whether Indian or foreign, for investing in accordance with a defined investment policy for the benefit of their investors. There are three different categories of AIFs.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%