Fund News

Deadline for VCFs to migrate to AIF norms extended to July 2026

Yourstory   Legality Simplified  

The Securities and Exchange Board of India (Sebi) has extended the deadline for venture capital funds (VCFs) to migrate to the Alternative Investment Funds (AIF) Regulations, 2012 by one year to July 19, 2026.The extension is only applicable to those firms with expired schemes that choose to migrate to the AIF regulations. This would help VCFs holding on to unliquidated assets, even after the liquidation period of the fund has ended, to migrate to the newer regime without an immediate penalty.The AIF Regulations, introduced in 2012, aim to create a broader and modern framework to replace the VCF Regulations of 1996 that primarily catered to traditional early-stage venture capital but did not accommodate for emerging forms of capital pools like private equity and hedge funds.

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