SEBI has issued clarification to Alternate Investment Funds that Large Value Fund for Accredited Investors (LVFs) shall be exempted from the requirement of intimating any changes in the terms of PPM through a merchant banker. LVFs may directly file any changes in the terms of PPM with SEBI, along with a duly signed and stamped undertaking by CEO of the Manager of the AIF (or person holding equivalent role or position depending on the legal structure of Manager)and Compliance Officer of Manager of the AIF.
NMC Sets 2 PM Deadline for Fee Payments on Closing Dates to Avoid Gateway Overloads
21 December 2024
The NMC has observed a recurring problem of payment gateway overloads due to a high volume of transactions on application closing dates. To address
