Question

List of documents required for registration under aif sebi 2012

Answer 1

Eligibility Criteria:

Constitution document need to specifically permit to carry on the activity of an Alternative Investment Fund.

Constitution document prohibits inviting application for subscription to its securities.

Constitution document is registered under relevant regulatory statute.

Applicant, sponsor and manager are fit and proper persons based on specified in schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.

Sponsor to state Investment strategy, investment purpose and its investment methodology in its placement memorandum to the investors.

Material alteration in strategy shall be made with the consent of at least two third of unit holders.

Key investment team should have adequate experience with at least one key personnel having not less than five years’ experience in advising or managing pools of capital or in fund or asset or wealth or portfolio management or in the business of buying, selling and dealing of securities or other financial assets and has relevant professional qualification;

Manager or sponsor should have necessary infrastructure and manpower in place

The applicant has clearly described at the time of registration the investment objective, the targeted investors, proposed corpus, investment style or strategy and proposed tenure of the fund or scheme;