Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
Capital markets regulator Sebi on Friday reduced the validity period of approval given to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments to four months from six months at present.
The decision has been taken considering into account the recommendation of the Alternative Investments Policy Advisory Committee, the Securities and Exchange Board of India (Sebi) said in a circular. Image Source: Reuters