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This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

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Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

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Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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Oct 30, 2024

Migration of Venture Capital Funds to AIFs Regime

SEBI on July 18, 2024, has amended the SEBI (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations’) to introduce a new Chapter III-D (‘Chapter’) in the AIF Regulations that deals with migrated venture capital funds (‘Migrated VCFs’). A Migrated VCF is a fund that was previously registered as a venture capital fund under the SEBI (Venture Capital Funds) Regulations, 1996 and subsequently registered under the AIF Regulations as a venture capital fund under Category I – AIF. Additionally, SEBI has on August 19, 2024, issued a Circular notifying various modalities for Migrated VCF’s.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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