Define briefly the following in context of Indian equity private funding: Alternative Investment Fund

CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · December 2020
Define briefly the following in context of Indian equity private funding: Alternative Investment Fund

Answer & Explanation:

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 investment policy for the benefit of its investors; and (ii) is not covered under the SEBI (mutual funds) regulations, 1996, SEBI (Collective Investment Schemes) regulations, 1999 or any other regulations of the SEBI to regulate fund management activities.

Topics: Indian Equity Private Funding

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