Question

How long can existing funds, falling within the definition of AIF, continue to operate without SEBI registration after the commencement of the AIF Regulations?

a.

3 months

b.

6 months

c.

9 months

d.

12 months

Answer: (b).6 months Explanation:Existing funds falling within the definition of AIF, not registered with SEBI, may continue to operate for 6 months from the date of commencement of the AIF Regulations, or until the disposal of their application if they have already applied for registration within those 6 months. This period can be extendable up to 12 months with the permission of SEBI for special cases.

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Q. How long can existing funds, falling within the definition of AIF, continue to operate without SEBI registration after the commencement of the AIF Regulations?

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