MANU/SREG/0023/2012

Ministry : Securities and Exchange Board of India

Department/Board : Legal Affairs Department

Notification No. : LAD-NRO/GN/2012-13/04/11262

Date of Notification : 21.05.2012

Date of Publication : 21.05.2012

Referred IN

Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012

No.LAD-NRO/GN/2012-13/04/11262.-- In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) and clause (c) of subsection (2) of Section 11 and sub-section (1) and (1B) of Section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) the Securities and Exchange Board of India hereby, makes the following regulations, namely, --

CHAPTER-I

PRELIMINARY

1. Short title and commencement.--

(1) These regulations shall be called the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.

(2) These regulations shall come into force on the date of their notification in the Official Gazette.

2. Definitions.--

(1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the meanings assigned to them below, and their cognate expressions and variations shall be construed accordingly,--

(a) "Act" means the Securities and Exchange Board of India Act, 1992 (15 of 1992);

(b) "Alternative Investment Fund" means any fund established or incorporated in India in the form of a trust or a company or a limited liability partnership or a body corporate which,-

(i) is a privately pooled investment vehicle which collects funds from investors, whether Indian or foreign, for investing it in accordance with a defined inv........