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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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They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

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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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Jun 30, 2021

Rationalisation of AIF Regulatory Reporting Requirements

SEBI on April 7, 2021 issued a Circular rationalizing the existing AIF regulatory reporting requirements prescribed in circular dated July 29, 2013. Timeline for submitting a quarterly report (applicable from the quarter ending December 31, 2021 onwards) by AIFs on their activity as an AIF to SEBI has been revised to 10 calendar days from the end of each quarter to be provided in the revised formats as specified in Annexure I of the Circular. Category III AIFs to submit a quarterly report on leverage undertaken, in the revised formats as specified in Annexure II of the Circular. The Circular partially modifies the circular dated July 18, 2014 making the requirement of notifying all changes in a private placement memorandum (‘PPM’) and the documents of a fund/scheme to be intimated to investors and SEBI on a consolidated basis within 1 month of the end of each financial year.

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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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