Indian regulator proposes new measures for funds oversight
The Securities and Exchange Board of India (SEBI) has published draft regulations that would tighten its control over alternative investment funds (AIFs). Vehicles specializing in private equity, venture capital, PIPE, infrastructure, real estate and small- and medium-sized enterprises would fall under SEBI’s revised remit, as would debt funds, social venture funds and strategy funds, including hedge funds.
The proposed regulations, which have been posted on SEBI's website and are open for public comment until August 30, are intended to replace the current venture capital funds (VCF) system, LiveMint reported....
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