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AIF Regulations for Start Up Investments in India

As a startup investment, it’s very important for you to know the following AIF regulations in India to set up an AIF efficiently. To know more click here!

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AIF Regulations for Start Up Investments in India

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  1. AIF Regulations for Start up Investments in India Altsmart

  2. AIF Regulations for Startup Investments in India • Alternative investment funds (AIFs) are growing at a fast pace in India over the past 3–4 years. • That said, in India, there are AIF regulations that startup investments need to follow.

  3. As a startup investment, it’s very important for you to know the following AIF regulations in India to set up an AIF efficiently: • Make Form A application to SEBI • Prepare covering letter • Make a bank draft • Document evaluation by SEBI • Payment of registration fees

  4. Make Form A application to SEBI • An application through Form A must be made to SEBI. This application is for granting a registration certificate under the SEBI (Alternative Funds) Regulations, 2012.  • SEBI responds to the application within 21 working days. However, your compliance speed as a startup investment also matters in determining the speed of SEBI’s revert to your AIF application.

  5. Prepare covering letter • Form A must be accompanied with a covering letter to the SEBI. This is a very important part of AIF regulations. • In case you are already registered, you need to provide SEBI with the relevant registration details in the covering letter.

  6. Make a bank draft • At this stage, as a startup investment, you must prepare a bank draft for Rs. 100,000 for application fees. This must be made payable to SEBI.  • You will have to include the bank draft along with the completed Form A and your covering letter.

  7. Document evaluation by SEBI • Your application will be closely evaluated by SEBI to see whether you have satisfied all the eligibility criteria specified under the SEBI Regulations. • Once it is satisfied, SEBI will approve your AIF application and inform you regarding the same.

  8. Payment of registration fees • As a startup investment creating an AIF, you must get ready to pay a registration fee of Rs. 500,000. • This needs to be paid the moment you receive the approval from SEBI. That said, in case you are already registered as an AIF with SEBI, you will have to pay only the re-registration fees of Rs. 100,000. • Upon receipt of registration/re-registration fees, SEBI will grant the certificate of registration as to the startup investment as an Alternative Investment Fund in India.

  9. Contact Details • To know more about startupinvestments ideas visit us at www.altsmart.in • https://twitter.com/alt_smart • https://www.facebook.com/AltSmartaif/?ref=nf • https://www.linkedin.com/company/7797279/

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