H K Davra & Co. Changes in PPM of an AIF: Annual Intimation to SEBI and Why a Yearly Review Matters The private placement memorandum (PPM) of an Alternative Investment Fund (AIF) is written before the first investor commits. Over the following years the fund's team, service providers, processes and ... AIF Fund Compliance PPM Compliance SEBI 28-Jan-2026
H K Davra & Co. No Funds Raised by an AIF: CA Certificate Requirement in Place of PPM Audit A newly registered Alternative Investment Fund (AIF) may spend its first year building a team, filing a placement memorandum and speaking to investors without receiving any money. It is easy to assume... AIF CA Certificate Fund Compliance SEBI 19-Jan-2026
H K Davra & Co. Sponsor and Manager Commitment in AIFs: Minimum Corpus Lock-in and Continuing Interest Rules Many Alternative Investment Fund (AIF) schemes reach their first close with the help of the sponsor or the investment manager. External commitments fall slightly short of the minimum corpus, and the s... AIF Fund Compliance SEBI Sponsor Commitment 05-Jan-2026
H K Davra & Co. First Close in AIFs: SEBI's 12-Month Deadline, Consequences and Compliance Checklist For a new Alternative Investment Fund (AIF) scheme, getting the placement memorandum (PPM) filed with SEBI is only the start. The scheme must then raise enough commitments to declare its first close ,... AIF First Close Fund Compliance SEBI 31-Dec-2025