SEBI amendment introduced framework for 'Accredited Investor' as per SEBI (Alternative Investment Funds) (Third Amendment) Regulations, 2021. Who is 'Accredited Investor' as per amended framework ?

Answer 2(b) As per SEBI (Alternative Investment Funds) (Third Amendment) Regulations, Accredited Investor means any person who is granted a certificate of accreditation by an accreditation agency who, In case of an individual, HUF, family trust or sole proprietorship has: An annual income of at least ₹2 crore; or Net worth of at least ₹7.50 crore, out of which not less than ₹3.75 crore is in the form of financial assets or Annual income of at least ₹1 crore and minimum net worth of ₹5 crore, out of which not less than ₹2.50 crore is in the form of financial assets. In case of a body corporate, has net worth of at least ₹50 crore; In case of a trust other than family trust has net worth of at least ₹50 crore; In case of a partnership firm set up under the Indian Partnership Act 1932, each partner independently meets the eligibility criteria for accreditation. However, the Central Government (CG) and State Governments (SG), developmental agencies set up under the aegis of the CG/SG, funds set up by the CG/SG, qualified institutional buyers as defined under the SEBI (ICDR) Regulations 2018, category I portfolio investors, sovereign wealth funds and multilateral agencies and any other entities as may be specified by SEBI from time to time, shall be deemed to be an accredited investor and may not be required to obtain a certificate of accreditation.